Almost 100,000 individuals in debt to the country’s the national social security agency, EFKA, will be provided with a repayment schedule.
According to the Employment Ministry announcement debtors will be able to settle their repayments in 24 installments, instead of the current 12.
Another 90,000 debtors, however, will not be able to apply for said extension having fallen behind but will still be able to take advantage of the new terms.
For those eligible for a pension, being held back from the process due to EFKA debt the ministry is ready to write off debts over 10 years old, currently estimated at 250 million euros.
Provided their total debt, after write-offs, does not exceed €20,000 for the self-employed and €6,000 for farmers, Greek EFKA debtors will be able to apply for pensions, Kathimerini reported.