The “explosion” of the declarations of working pensioners, which reached 185,000 for the reason that starting of the 12 months, brings monetary taxation to EFKA.
It’s estimated that this particular measure will increase the fund’s earnings by 300 million per 12 months and offers the management of the ministry the chance to extra simply deal with the reduction measures it’s planning for the approaching autumn, the primary one being the discount of the Retiree Solidarity Contribution (EAS).
The AKAGE
On the identical time, the 16 billion euros which have been collected within the Insurance coverage Fund of Solidarity of Generations (AKAGE) to date, give the likelihood to consider decreasing the speed of accumulation of extra quantity, for the safety of the system sooner or later.
In response to latest statements by the Minister of Labor, the brand new solidarity contribution must be extra proportional, guaranteeing that after its cost, the quantity of the pension is not going to fall under the ceiling of the dimensions on which it was imposed.
The Pensioner Solidarity Contribution
The Pensioner Solidarity Contribution issues 500,000 pensioners with pensions of greater than 1,400 euros. It funds the AKAGE account (Era Solidarity Insurance coverage Fund) wherein it’s estimated that round 16 billion euros have been collected.
The federal government is contemplating reforming the levy, which is a request from pensioners. This levy is imposed on pensions over 1,400 euros on a staggered foundation and ranges from 3% to 14%.
A working group established on the ministry is engaged on situations for enhancing the Pensioners’ Solidarity Contribution, whereas the competent Deputy Minister of Labor, Mr. P. Tsakloglou, notes that “there are problematic factors within the construction of the EAS, which want enchancment”. The deputy minister was in favor of constant the implementation of the levy, which acted “as a bulwark of the insurance coverage system in opposition to the pressures of the demographic getting old of the inhabitants”.
The funds
In fact, Mr. Tsakloglou – in any case – clarifies that any adjustment and normalization that’s made must be as fiscally impartial as potential so as to not disturb the nation’s fiscal steadiness, nor the funds of the ACE, which issues cash meant for the brand new technology.
The 2 fundamental situations for the brand new regulation foresee: First, the change of the structure of the levy, in order that it’s not imposed from the “first euro” however solely on the quantity that exceeds the ceiling of every tier. That’s, one thing related to what’s utilized to earnings taxation. Secondly, the discount of the contribution charges, in order that they don’t double from the primary to the second bracket (from 3% to six%).
Working pensioners
The 185,000 pensioners who’ve declared their work on the particular platform generate surprising earnings for the EFKA which – yearly – might exceed 300 million euros.
The abolition of the penalty gave the chance to tens of hundreds of pensioners to come back out of obscurity, with out fearing a reduce of their pension.
With the brand new regulation (L. 5078/2023), the pension penalty was abolished and changed by an additional useful resource of 10% of the wage they obtain from their employment (if they’re employed), whereas retired freelancers give as an additional useful resource the half insurance coverage contribution from the pension sector.
Pensioner employment earnings was not predicted within the 2024 Price range as a result of it was drawn up earlier than the Pensioner Work Modifications Act was handed and, moreover, it was not potential to foretell what number of would ultimately declare their employment.
Supply: ot.gr.
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