The Ministry of Labor did not submit, as originally planned, a mini insurance fund act for discussion in Parliament, which would insurance fund revenue by about 500 million euros on an annual basis, sparking rumors and heated discussions about the nature of the new measures.
With the budget gap estimated to be about 500 million euros, the Ministry of Labor hopes that the draft bill will be sufficient, although this depends on the troika estimates and negotiations that will take place next week.
Amongst Mr. Vroutsis’ attempt to mitigate the inequalities and injustices of the insurance system are provisions to bolster the fund’s revenue capabilities and to allow the settling of debts with lenders of the former Workers’ Housing Organization.
The Minister of Labor explained that the bill improved the revenue services of insurance funds and that it “will absolutely not affect any pensions”.
