785mln Euro Debts To Be Settled Via “100 installment” Plan

IKA, the social insurance foundation, recently published figures from the Center for the Collection of Insurance Debts (KEAO), where it announced that approximately 34,244 applications were approved for the government’s ambitious “100 installments” settlement plan.

The applications, which were approved within the first 50 days of the plan’s implementation, refer to debts towards insurance funds that are worth an astronomical 784,938,440.05 Euros.

More precisely, a total of 21,942 of these settlements (or 627,419,849.86 euros) are towards IKA; 9,974 settlements (13,374,049.17 euros) are from self-employment insurance fund OAEE; 2,472 settlements (20,385,456.73 euros) are from the agricultural insurance fund OGA and finally 46 settlements (2,759,084.29 euros) are from ETAA.

It should be reminded that the final date to apply for a settlement is on March 31st 2015 (all options in order to ensure the greatest benefits to tax payers should also be examined before applying).