Cover Letter For Human Resources Managers

Greek pension system for workers - IKA

The IKA (Idrima Kinonikon Asfaliseon) is the largest insurance carriers in Greece. The pension reform of 2008, the following previously incorporated independent insurance carriers in the IKA:

• TAP-OTE (telephone company),
• TAPAEETHN (insurance),
• TSP-ISAP (railway),
• TSPETE (National Bank),
• TSPTEK (Bank of Greece) &
• THE YAP-(Electric).

The contribution rate for the second quarter of 2009, 20% of the related pay, up to a maximum limit. Workers' pay 1 / 3 of the article, therefore 6.67%. The remaining 2 / 3 or 13.33% to be paid by the employer. In severe or unhealthy work, there are proportional increases in contributions for both employees and employers.

to the list of services IKA include

-> pensions for invalidity (disability),
-> Old-age pensions,
-> survivors,
-> benefits for work accidents and occupational diseases,
-> benefits sickness and maternity.

The Greek disability pension has three stages:

• more than 50%, but incapacitated for less than 67% = pension for partial disability.
• more than 67%, but incapacitated for less than 80% = disability pension because habitual.
• incapacitated for at least 80% = pension because of severe disability.

Please be sure that the Greek disability rating is not comparable to the German degree of disability. Also they do not meet the medical requirements for a German pension for disability. The disability must exist in Greece for at least a year. It is also of irrelevant whether this is a permanent or temporary disability.

are also reported for the percent degree of disability must be a minimum amount of insurance. Either there are a total of 4,500 days * (15 years), or you are 1,500 working days (5 years) have been insured, including but not less than 600 working days (2 years) within the past 5 years prior determination of invalidity.

The pension calculated from the worked days and the insurance category, in which one was classified on the basis of earnings in the last 5 years before retirement.

a pension because of severe disability corresponds to a full pension.

at ordinary disability 75% of the full pension to be paid. However, if at least 6,000 working days (20 years) periods of insurance available, it will be reimbursed at the full pension. Even if the disability is motivated primarily by a mental illness, the award is granted by 25%.

case of a pension for partial disability leaves 50% of the full pension. Again, there is an increase of 25% if the disability is due mainly psychological.


Old-age pensions (April 2009):

The age pensions after reaching a certain age and a minimum number be obtained by working days. In addition, this also added special conditions.

• 4,500 days (15 years) and for women the age of 60 Age and for men of 65 Age or
• 10,000 working days (33 years and 4 months) and for women the age of 57, Age and for men of 62 Age or
• 10,500 working days (35 years) and for women and men age of 58 Year of life if you were previously employed depending or
• exercise of a serious and adverse health Activity, 4,500 days (4 / 5 of working days with heavy and hazardous work, including at least 1,000 working days within the last ten years before reaching the retirement age and for women the age of 55 and for men of 60 years or
• 10,500 working days (35 years) as employees, of which at least 7,500 working days (25 years) with severe and harmful activity, and for women and men, the age of 55 or
• 5,500 working days (6,000 working days if the insurance began after 12/31/1992) for unmarried mothers of minor or incapacitated for children and the age of 55 Birthday if no further pension paid by the IKA or other insurance carriers or
• is 7500 days (25 years) for the mother or the father of a disabled child (disability of at least 67%), regardless of age or
• 6,000 working days (20 years) for mothers of at least three children, for which the regular age limit of 65 years to three years per child up to a maximum age of 50 Year of life is diminished.

Some early age pensions for two to five years to complete be taken. These are but for every early months of the regular pension before reaching retirement age, a reduction of 0.375% (1 / 267).

can in the last ten years preceding the application in the absence of a minimum number of working days in addition to 200 days on which sick pay and 200 days when unemployment was related to be considered. Even times of a disability pension can be credited.

Again, the pension is calculated in the worked days and the insurance category, in which one was classified on the basis of earnings in the last 5 years before retirement. Note to

is that individual pensions by raising The age limits were abolished. From 2013 the age limits of other types of pensions should be raised.


The survivor's pension (as at April 2009):

family members are entitled to survivor's pension if the insured until his death in a total of 4,500 days, or only 1,500 working days, but from this 300 working days within the last five years preceding the year of death, covered added.

If the death was caused due to an accident at work, the days worked are irrelevant. If the insured died in an other accident, is just above half the working days required. Benefit from a disability or old-age pension the deceased is not the minimum number of working days checked again.

widows or widowers who marry again, are no longer entitled to widow's or widower's pension.

Whether and how much of the survivor pension is, depends on whether the insured had prior to the insured until 01/01/1993 or later.


insurance before 1 January 1993: entitled to a survivor pension ...

• the surviving marriage partner if he is incapacitated and in need of
• the children if they are unmarried, not working, not receiving a pension and the 18th Age or when they study at home or abroad at a university, the 24th Age have not yet completed,
• the grandchildren and step-children when both parents have died, if their livelihood has been denied by the deceased, and
• parents or adoptive parents, if their livelihood was contested mainly by the deceased.

those unable to children, the inability to work before their 18th Birthday began to receive pension indefinitely. Widows and widowers are only entitled if the marriage lasted at least six months, the insured has died due to accident or the widow / widower for one or more children together provides. Has already received a pension for the deceased, the marriage must have lasted 24 months.

---> the widow is 70% of the notional pension of the deceased,
---> half orphans receive 20%
---> an orphan, an orphan's pension in the amount given by 60%.

The survivors together must not exceed the notional pension of the deceased. For orphans, the total output exceed 80% of the pension. Exceed this limit, the pension shall be reduced proportionately entitled to the pension each.


insurance from 1 January 1993: entitled to a survivor pension ...

• the surviving spouse,
• the children, if they are unmarried, not working, not receiving a pension and not 18 years or, if they study at home or abroad at a university, not yet 24 years old, and
• the surviving divorced spouse of 65 years unless he incapacitated for at least 67%, has not remarried and has no certain income boundaries. Widows and widowers

receive the pension in the first three years in full. After that reduces their own income the survivor pension to 50% by the 65th Birthday, then to 70%. Those unable to children, the inability to work before their 18th Birthday began to receive pension indefinitely.

---> the Widow is 50% of the notional pension,
---> half orphans receive 25%
---> 50% of orphans.

The survivor total amount may not exceed the notional pension. The total amount shall be not less than 80%. If the sum of the border pensions, the pension of each claimant shall be reduced proportionately.

IKA increases very low pensions to a minimum pension amount. Similarly, there is a maximum amount. In addition to retirement pay the IKA a spouse and a child allowance. Unlike in Germany, also a death benefit is paid.

* A day corresponds to a Versicherungstag including holidays. This insurance unit is called in Greek "ensima. 300 working days a year.