Arrears to Greece’s beleaguered social security funds continue to accumulate at an accelerated pace, with a relevant state collection agency for pension contributions announcing this week that the figure is very close to topping 17 billion euros.
The quarterly report by the state-run entity, KEAO, also said nearly 299,000 notices were sent to private individuals in September 2016 with arrears to the main pension funds in the country, IKA-ETAM, OAEE, OGA and ETAA.
According to the report, at the end of September 2016, the figure continues to grow due to new outstanding debts and added fines. Roughly 20 percent of the figure (3.3 billion euros) of total arrears was generated after Jan. 1, 2010, with the rest (80 percent) dating to pre-2010 periods.
