Insurance contributions

Primary pension contribution rate

For the employees of the private sector insured in e-EFKA, for the primary pension an insurance contribution of 20% is paid, which is shared between the insured and the employer. The insured is charged with a contribution of 6.67% and the employer with a contribution of 13.33%.

Basis for calculating contributions

The above insurance contributions are calculated on all types of the employee’s remuneration with the exception of social benefits due to marriage, childbirth, death and severe disability, and for earnings up to the amount of EUR 6 500 per month (maximum insurable earnings).

Christmas and Easter bonuses, as well as the holiday allowance, are subject to insurance contributions as set out above. In this case, the maximum insurable salary is applied on a stand-alone basis.

Withholding of contributions – Payment of contributions – Submission of Detailed Periodic Statement

The employer deducts from the insured’s salary the insured’s contribution, which the employer pays, together with the employer’s contribution, to e-EFKA within the stipulated deadlines.

If the insurance contributions are paid late they are subject to the prescribed default interest.

The insurance contributions are declared by the employer in the Detailed Periodic Statement (APD), with the exception of special categories of employees (exclusive nurses, tour guides, loaders, resin collectors, etc.).

The APD is submitted by the last day of the month following the calendar month of employment (see General document e-EFKA: 338446/17-12-2020, concerning the APD for the year 2021)

Persons who pay employee insurance contributions

The above applies:

a) to the insured of the former IKA-ETAM and the special Funds that had joined it (TAP – OTE, TSP – ETE, TAP – PPC, etc.),
b) to the employees of the former OAEE – Seafarers and Tour Agents Insurance Branch (former TANPY);
c) to the former ETAA employees (TSMEDE, TSAY);
d) to lawyers on a paid mandate from the former ETAA (Legal Professionals Insurance Branch);
e) to unskilled salaried workers employed in the agricultural sector and non-permanent third-country nationals;
f) to the employees of the former Single Insurance Fund for Media Employees (ETAP-MME);
g) to special categories of persons, such as:

• persons holding the positions of director, general manager, managing director or associate director, director of a company or cooperative, if they are subject to a dependent employment relationship for the remuneration received;
• members of the Boards of Directors of Public Limited Companies and Agricultural Cooperatives, if they receive remuneration;
• managers of companies of all legal forms (with the exception of managers of private companies who pay insurance contributions as self-employed).

Reduction of insurance contribution

1. Reduction by 50% of the insured’s contribution for one year for women who give birth to a child [Article 141(2) of Law 3655/2008).
2. Reduction by 6.66 percentage points of the employer contribution for those employers who employ employees up to the age of 25 Article 86 of Law 4583/2010, Joint Ministerial Decision Δ.15/Δ΄/3220/72/26-2-2019, Government Gazette, Series II, No 681).
3. Income support of employees insured at the ex IKA-ETAM, employed of a full time basis, who are paid the minimum wage (Article 14 of Law 2837/2000)

Additional premium

1. Persons subject to the Regulation of Heavy and Unhealthy Occupations (KBAE) 2.20% for the insured and 1.40% for the employer (3.60% total).
2. Persons employed in underground galleries of mines and lignite mines and in underwater works, and in aerial works (only for persons insured after 1 January 1993) 4.30% for the insured and 2.70% for the employer (total 7.00%)
3. Occupational risk contribution 1% for the employer

Exceptions

1. Special categories of employees insured at the ex IKA-ETAM (persons paid variable salaries, builders, loaders, ticket salesmen, etc.).
2. Persons insured at the ex IKA-ETAM who are paid with a labour stamp (Articles 20 and 21 of Law 3863/2010).
3. Those persons who are covered by the insurance of the former IKA – ETAM only for the accident branch or for the sickness benefits in kind branch (students during internship, prisoners, prison staff, etc.).
4. Ex NAT insured persons, for whom the statutory provisions of NAT apply to their insurance contributions. The contributions are calculated on the basic salary which cannot be lower than the current or the last applicable collective agreement of the branch. A special APD is submitted for their insurance. (Ministerial Decision Φ.80000/οικ.46214/1903/6-10-2017, Government Gazette, Series II, No 3677)

Supplementary insurance contributions

 The total contributions for supplementary insurance (Article 97 of Law 4387/2016, as replaced by Article 45 of Law 4670/2020 and amended by Article 35(1) and (2) of Law 4756/2020) amount to 6.50% (until 31 May 2022, which will be reduced to 6% from 1 June 2022) on those monthly salaries of the insured that are taken into account for the calculation of the primary pension contributions. They are distributed equally between the employer and the employee, with a maximum amount of monthly salary of EUR 6 500.00.

The contributions are withheld and paid by the employer through the APD.

From 1 January 2020, for the payment of their insurance contributions, all salaried lawyers and salaried engineers of the relevant sectors of the supplementary insurance branch of the former ETAA insured before and after 1 January 1993 are classified into three insurance categories, in accordance with the provisions for self-employed and freelancers, (1st insurance category EUR 42, 2nd insurance category EUR 51, 3rd insurance category EUR 61 and from 1 June 2022 onwards these three insurance categories are reduced to EUR 39, EUR 47 and EUR 56, respectively). Their insurance contributions are divided equally between the employer and the insured (Article 97 of Law 4387/2016, as replaced by Article 45 of Law 4670/2020 and was amended by Article 35(1) and (2) of  Law 4756/2020).

Lump-sum benefit contributions

The amount and method of calculation of contributions (Article 35 of Law 4387/2016, as replaced by Article 31 of Law 4670/2020) of employees insured by 31 December 1992 are determined in accordance with the statutory provisions of the welfare organisations included in the Lump-Sum Benefits Branch of e-EFKA, with the exception of the employees insured in its welfare branches of the ex ETAP MME. For those persons insured from 1 January 1993 onwards, a contribution of four percent (4%) is paid, calculated on their insurable earnings for primary pension, as are specified in Articles 5 and 38 of Law 4387/2016, as in force (Articles 23 and 34 of  Law 4670/2020 and Article 1 of Law 4488/20217). As of 1 January 2020, for the payment of their insurance contributions, all the salaried lawyers, salaried engineers and healthcare professionals of the relevant branches of the welfare sector of the former ETAA insured before and after 1 January 1993 are divided into three (3) insurance categories, the amount of the monthly insurance contribution of which corresponds to EUR 26, EUR 31 or EUR 37 (Article 35 of Law 4387/2016, as replaced by Article 31 of Law 4670/2020).

The insurance contributions paid from 1 January 2014 onwards for each person insured are kept in individual accounts.

Legislative framework

1. Article 38 of Law 4387/2016 (Article 34 of Law 4670/2020)
2. Circular Δ.15/Δ΄/οικ.13648/330/13-4-2020

Primary pension contribution rate

For the employees of the public sector and legal persons governed by public law, insured in e-EFKA, for the primary pension, an insurance contribution of 20% is paid, which is shared between the insured and the employer. The insured is charged with a contribution of 6.67% and the employer with a contribution of 13.33%.

Basis for calculating contributions

The above insurance contributions are calculated on the pensionable remuneration (for those insured by 31 December 1992) or the regularly paid remuneration (for those insured from 1 January 1993) and for remuneration up to the amount of EUR 6 500 per month (maximum insurable earnings).

For those who fall under the provisions of Law 4472/2017, the insurance contributions are calculated on the monthly regular salaries of Article 153(10) of Law 4472/2017, with the exception of the personal difference of Article 155 of the above law (Article 3 of Law 4488/2017).

Withholding of contributions – Submission of Detailed Periodic Statement

The employer deducts from the insured’s salary the insured’s contribution, which the employer pays, together with the employer’s contribution, to e-EFKA within the stipulated deadlines.

The insurance contributions are declared by the employer in the Detailed Periodic Statement (APD), which is submitted by the last day of the following month following the calendar month of employment (see general document e-EFKA: 338446/17-12-2020, concerning the APD for the year 2021).

Additional premium

1. For employees who are subject to the pension protection of the State and are employed in a heavy and unhealthy occupation, as defined in Article 4 of Law 3660/2008 4.30% for the insured (4.30% in total).
2. For the employees (insured by 31 December 1992) who are come under the insurance provided by the ex IKA-ETAM and are employed in a heavy and unhealthy occupation, as defined in Article 36 of Law 1694/1987 4.30% for the insured and 2.70% for the employer (total 7.00%).
3. For the employees (insured by 31 December 1992) who are come under the insurance provided by the ex IKA-ETAM and to the Regulation on Heavy and Unhealthy Occupations (KBAE) 2.20% for the insured and 1.40% for the employer (3.60% in total).
4. Occupational risk contribution for employees covered by the ex IKA-ETAM insurance 1% for the employer.

Supplementary insurance contributions

 The total contributions for supplementary insurance (Article 97 of Law 4387/2016, as replaced by Article 45 of Law 4670/2020 and amended by Article 35(1) and (2) of Law 4756/2020) amount to 6.50% (until 31 May 2022, which will be reduced to 6% from 1 June 2022) on those monthly salaries of the insured that are taken into account for the calculation of the primary pension contributions. They are distributed equally between the employer and the employee, with a maximum amount of monthly salary of EUR 6.500.00.

The contributions are withheld and paid by the employer through the APD.

From 1 January 2020, for the payment of their insurance contributions, all salaried lawyers and salaried engineers of the relevant sectors of the supplementary insurance branch of the former ETAA insured before and after 1 January 1993 are classified into three insurance categories, in accordance with the provisions for self-employed and freelancers, (1st insurance category EUR 42, 2nd insurance category EUR 51, 3rd insurance category EUR 61 and from 1 June 2022 onwards these three insurance categories are reduced to EUR 39, EUR 47 and EUR 56, respectively). Their insurance contributions are divided equally between the employer and the insured (Article 97 of Law 4387/2016, as replaced by Article 45 of Law 4670/2020 and was amended by Article 35(1) and (2) of  Law 4756/2020).

Contributions of the shareholders of MTPY in favor of this Fund, pursuant to Articles 25, 26 and 27 of PD 422/1981, as in force (www.mtpy.gr):

• Monthly fixed deduction of 4.5% on pensionable earnings, as determined for the primary pension
• 1% deduction on benefits which are not pensionable
• 2% deduction on additional fees, fixed allowances, personal difference
• Obligation to pay the registration fee in favor of MTPY (1 monthly salary)

Lump-sum benefit contributions

The amount and method of calculation of contributions (Article 35 of Law 4387/2016, as replaced by Article 31 of Law 4670/2020) for employees insured by 31 December 1992 are determined in accordance with the statutory provisions of the welfare organisations included in the Lump-Sum Benefits Branch of e-EFKA. For those persons insured from 1 January 1993 onwards, a contribution of four percent (4%) is paid, calculated on their insurable earnings for primary pension, as specified in Articles 5 and 38 of Law 4387/2016, as in force (Articles 23 and 34 of  Law 4670/2020 and Article 1 of Law 4488/2017). As of 1 January 2020, for the payment of their insurance contributions, all the salaried lawyers, salaried engineers and healthcare professionals of the relevant branches of the welfare sector of the former ETAA insured before and after 1 January 1993 are divided into three (3) insurance categories, the amount of the monthly insurance contribution of which corresponds to EUR 26, EUR 31 or EUR 37 (Article 35 of Law 4387/2016, as replaced by Article 31 of Law 4670/2020).

The insurance contributions paid from 1 January 2014 onwards for each person insured are kept in individual accounts.

Legislative framework

1. Article 5 of Law 4387/2016 (Article 23 of Law 4670/2020)
2. Article 3 of Law 4488/2017
3. Circular Φ.10042/οικ.15161/349/16-4-2020
4. Circular Φ.10042/45119/1199/20-11-2019
5. Circular Φ.10042/οικ.13567/329/8-6-2018
6. Circular 2/24112/ΔΕΠ/31-3-2017

Primary pension contribution rate

For freelancers and self-employed persons, insured in e-EFKA, for the primary pension, the insurance contribution paid is the one corresponding to the insurance category chosen by the insured. If the insured does not choose an insurance category, then they pay the insurance contribution corresponding to the 1st^st insurance category.

The insured may apply for inclusion in a higher or lower insurance category than the one in which they already belong, and their inclusion in the new category shall apply for the next year.

Young professionals, for the first 5 years of their professional activity, can be included in the special insurance category in which they will be paying a lower insurance contribution. This possibility is provided only once, i.e. if professional activity is stopped and then resumed it is not possible to select the special insurance category.

Retirees who, after having retied, are or continue to be engaged in a professional activity, may not be included in the special insurance category.

Payment of insurance contributions

Insurance contributions should be paid by the last working day of the month following that to which they relate. If payments are late they are charged with the prescribed default interest.

Persons who pay insurance contributions as a freelancer or self-employed person

The above applies:

a) to the persons insured at the ex OAEE, and in particular:

• professionals, craftsmen, traders, hoteliers, owners of taxis, etc.;
• members or shareholders of companies (GP, LP, LTD) with a professional, craft, or commercial object;
• Board members of an SA with a business, craft or commercial purpose, if they hold a share of more than 3%;
• shareholders in an SA (more than 10% shareholding) which transports persons or things for consideration using vehicles for public use;
• managers of private companies;
• sole partner in a private company;
• owners of tourist accommodation;
• freelancers of the former OAEE-Insurance Branch of Marine Agents and Employees and the former TAPEAPI (riders, coaches);

b) to persons insured at the ex TSMEDE (members of the TEE (engineers, architects, etc.) who have started a business at the Tax Office);

c) to the persons insured at the ex TSAY;

• health professionals (doctors, dentists, pharmacists, veterinarians) who are self-employed or remunerated by operation and on a case-by-case basis.
• members of medical, pharmaceutical, and other similar companies providing unpaid service, postgraduate students, participants in research programmes, etc. [Article 18(4) of Law 3232/2004)

d) to persons insured at the ex Advocates Pension Fund (lawyers who have started a business at the Tax Office, notaries, bailiffs, mortgagors, lawyers suspended from practicing law and, optionally, trainee lawyers and bailiffs)

e) to persons insured at the ex ETAP-MME Fund (owners of newspapers and magazines, correspondents of newspapers, magazines and agencies abroad, newsagents, press distributors and sub-agents, partners or shareholders of legal entities, regardless of legal form, for the purpose of handling, distribution and sale of newspapers and other publications circulating through agencies, sellers of newspapers and magazines without a professional home, traders in public markets), pursuant to Ministerial Decision No 11321/59554/2170/22-12-2016 (Government Gazette, Series II, No 4569).

Reduction of insurance contribution

Reduction by 50% of the insured’s contribution for one year for women who give birth to a child [Article 141(2) of Law 3655/2008). The reduction does not apply in cases where the special insurance category for young professionals was chosen.

Persons paid by issuing a service receipt to up to two counterparties

Freelancers and self-employed persons who are paid by issuing a Service Receipt to up to 2 counterparties may request that the insurance contribution be split, in accordance with the provisions applicable to e-EFKA employees.

The insured’s contribution, amounting to 6.67% for the primary pension, is borne by the self-employed person or the freelancer, and the employer’s contribution, amounting to 13.33%, is borne by the counterparties.

A condition for inclusion in the regulation is the existence of a contract (written or oral) and the number of counterparties should not be more than two.

Supplementary insurance contributions

Freelancers and self-employed persons (Article 97 of Law 4387/2016, as replaced by Article 45 of Law 4670/2020 and amended by Article 35(1) and (2) of Law 4756/2020) are classified from 1 January 2020 to 31 May 2022 in three insurance categories: 1st insurance category EUR 42, 2nd insurance category EUR 51, 3rd insurance category EUR 61. From 1 June 2022 onwards, these three insurance categories are reduced to EUR 39, EUR 47 and EUR 56, respectively.

Inclusion in one (1) of the three (3) insurance categories is mandatory. If the insured does not choose an insurance category, they are obligatorily included in the first one. The insured may, at theirrequest, choose a higher insurance category than the one in which they belong to or, if they are in a higher insurance category, choose a lower one. The application for making this choice may also be submitted electronically.

Lump-sum benefit contributions

Freelancers and self-employed persons are divided  into three (3) insurance categories for which the corresponding amount of monthly insurance contribution is EUR 26, EUR 31 or EUR 37 (Article 35 of Law 4387/2016, as replaced by Article 31 of Law 4670/2020).

The insurance contributions paid from 1 January 2014 onwards for each person insured are kept in individual accounts.

Legislative framework

1. Article 39 of Law 4387/2016 (Article 35 of Law 4670/2020)
2. Circular Δ.15/Δ΄/οικ.11442/292/26-3-2020
3. For persons paid by issuing a service receipt:

• • Circular Φ.80000/5547/248/7-2-2017
  • Circular Φ.8000/οικ.17002/739/7-4-2017

Primary pension contribution rate

For farmers and, in general, persons insured at the ex Agricultural Insurance Organisation (OGA), for the primary pension, the insurance contribution paid is the one corresponding to the insurance category chosen by the insured. If the insured does not choose an insurance category, then they pay the insurance contribution corresponding to the 1st insurance category.

The insured may apply for inclusion in a higher or lower insurance category than the one in which they already belong, and their inclusion in the new category shall apply for the next year.

Payment of insurance contributions

Insurance contributions should be paid by the last working day of the month following that to which they relate. If payments are late they are charged with the prescribed default interest.

Reduction of insurance contribution

Reduction by 50% of the insured’s contribution for one year for women who give birth to a child [Article 141(2) of Law 3655/2008).

Persons who pay farmer insurance contributions

The above applies:

• to those employed in the agricultural economy (farmers, stockbreeders, poultry farmers, beekeepers, agricultural operators, fishermen), as well as to their family members;
• to persons whose main occupation is farming and who have installed photovoltaic systems of up to 100kw;
• to owners of tourist accommodation who also carry out another activity insured by the ex OGA;
• to persons employed in the agricultural economy who are part of rural development investment programmes (agritourism, agro-industry, etc.) and are funded by the EU;
• to persons whose main occupation is farming who are also members of agricultural cooperatives;
• to professionals, craftsmen and traders, as well as to their family members, to the members of general and limited partnerships or companies with a similar object, which are exempted from insurance at the ex OAEE based on income and population criteria;
• to persons insured at the ex OGA who are employed seasonally (up to 150 days per year) in enterprises or holdings engaged in the processing and standardisation of soil products, livestock, fisheries, etc. (exempt from employee insurance);
• to persons who have been subject to the measure of early cessation of agricultural activity [Reg (EEC) No 1096/88], and until completion of their 67th year of age;
• to monks and nuns and pensioners who are indirectly entitled and are employed in jobs insured by the ex OGA (optional insurance).

Exceptions

1. Retirees of the ex OGA who continue to carry out an activity insured by the ex OGA do not pay insurance contributions to e-EFKA (ex OGA).
2. Retirees of the State and the former primary insurance funds who carry out an activity insured by the ex OGA pay insurance contributions to e-EFKA (former OGA), if their annual income from this activity exceeds EUR 10 000.

Legislative framework

1. Article 40 of Law 4387/2016 (Article 33 of Law 4670/2020)
2. Article 78 of Law 4690/2020
3. Circular Δ.15/Δ΄/οικ.11442/292/26-3-2020

Land workers, who are covered by e-EFKA (ex OGA) insurance and are paid with a labour stamp, pay 10% of their fee as insurance contribution for all insurance branches (primary pension, health care, Rural Housing Fund).

At the end of each year, insurance contributions are settled in order to determine the insured period. The insurance contributions paid in the whole year should cover the required contributions of the ex OGA for the insurance months that have arisen based on the settlement. If there is a difference, it is paid by the insured.

Legislative framework

1. Article 22 of Law 3863/2010 (Article 38 of Law 4670/2020)
2. Circular Δ.15/Δ΄/οικ.12565/311/6-3-2020

Determination of insurance contributions in cases where there is an insurance obligation with e-EFKA due to engagement in several professional activities in the same period and specifically when the insured is employed in multiple paid occupations by different employers, multiple self-employed occupations or parallel salaried and self-employed occupation.

Lump-sum benefit contributions

The provisions of Article 36 of Law 4387/2016, as in force (Article 32 of Law 4670/2020) shall apply.

Legislative framework

• Law 4670/2020 (Government Gazette, Series I, No 43) Article 32 ‘Replacement of Article 36 and addition of Article 36A to Law 4387/2016’
• Law 4756/2020 (Government Gazette, Series I, No 235) Article 35 ‘Assimilation of supplementary insurance contributions of salaried lawyers and engineers’
• Article 38 of Law 4387/2016 (replaced by Article 34 of Law 4670/2020)
• Article 39 of Law 4387/2016 (replaced by Article 35 of Law 4670/2020)
• Article 40 of Law 4387/2016 (replaced by Article 36 of Law 4670/2020)

In particular, the following applies to insurance contributions paid for primary pension:

• Multiple salaried employment with different employers:

Primary pension contributions are paid for each salaried employment, pursuant to Article 38 of: aw 4387/2016 and on total salaries up to the amount of EUR 6 500 per month (maximum insurable earnings).

• Multiple non-salaried employment (ex ETAA self-employed insured who are also engaged in a liberal profession insured at the ex OAEE or an occupation insured at the ex OGA):

For all parallel non-salaried activities, an insurance contribution for primary pension is paid to e-EFKA based on Article 39 of Law 4387/2016.

• Employees who are self-employed or carry out a liberal profession or an occupation insured at the ex OGA:

The insurance contributions provided for in Article 38 of Law 4387/2018 are obligatorily paid for the salaried employment.

The total monthly insurance contributions paid for a main pension cannot be less than the amount of the 2nd insurance category of primary pension contributions under Article 39 of Law 4387/2016 in relation to parallel self-employment – liberal profession or Article 40 of Law 4387/2016 in relation to parallel activity which is included in the insurance provided at the ex OGA and, if they are less than that amount, the insured person pays the additional contribution himself/herself.

Especially with regard to employees who are also employed for the first time independently or as self-employed, the contributions cannot be less than the amount of the 1st insurance category of Article 39 of Law 4387/2016 and for 5 years after the establishment of professional activity, upon submission of a relevant application.

Those persons who carry out a parallel occupation may choose to be optionally included in a higher insurance category of primary pension contributions under Articles 39 or 40 of Law 4387/2016, where the total monthly insurance contributions paid for primary pension cannot be less than the amount of the insurance category contribution paid for primary pension under Article 39 or Article 40 chosen by the insured and, if they are less than that, the insured person pays the difference himself/herself.

Supplementary insurance contributions

The provisions of Article 36 of Law 4387/2016, as in force (Article 32 of Law 4670/2020) shall apply.

Lump-sum benefit contributions

The provisions of Article 36 of Law 4387/2016, as in force (Article 32 of Law 4670/2020) shall apply.

Redemption amount

For the recognition of insurance period, the insured person must pay a contribution, for each month of recognition, as follows:

1. Employees must pay a contribution equal to the product of the premium (paid by the insured and the employer) for the primary and/or supplementary pension applicable at the time of submission of the application for recognition and the insured person’s earnings in the last month of full employment before submitting the application for redemption.

If, during the month of employment prior to the submission of the application there is no entitlement to full insurance, then the recognition contribution is calculated on the earnings in that month which correspond to full insurance.

2. Non-salaried employees (self-employed, freelancers, persons insured at the ex OGA) must pay, for each recognised insurance month, the contribution corresponding to the insurance category they have selected in the year of submission of the recognition application, with a minimum contribution corresponding to that in the 1st insurance category.

The above refers to recognised insurance periods for which a recognition contribution payment is required.

Payment of redemption contribution

The total amount of the redemption contribution is paid in as many monthly instalments as the number of months recognised. This amount can be paid in a lump sum, in which case a 2% discount is provided for each year of redemption.

In relation to payment in instalments, the first instalment is paid by the end of the month following the notification of the decision. Delay in paying an instalment means it is charged with the respective late interest. In relation to the establishment of a pension entitlement or an increase of the amount of the pension before the time of payment of the redemption contribution, an amount equal to one quarter of the amount of the pension is withheld from the pension every month until repayment.

With regard to supplementary insurance, in any case where the entitlement to a supplementary pension with recognition is established, after having redeemed the insurance periods as mentioned above, the redemption amount due, as long as it does not exceed the amount of three thousand (3.000) euro, is offset or withheld from all supplementary pension amounts which the insured person is entitled to. If the due redemption amount exceeds three thousand (3.000) euro, the part that exceeds three thousand (3.000) euro is repaid in a lump sum before the issuance of the retirement decision, and the remaining part is offset or withheld from the total supplementary pension amounts which the insured person is entitled to.

Legislative framework

1. Article 34 of Law 4387/2016 (Article 30 of Law 4670/2020)
2. Circular Φ.80000/οικ.Δ13/22702/966/30-5-2017
3. Article 96(2) of Law 4387/2016 as replaced by Article 44 of Law 4670/2020 and Article 40 of Law 4052/2012 as replaced by Article 79 of Law 4387/2016 and Article 42 of Law 4670/2020.

Persons who voluntarily keep being insured at e-EFKA, based on Articles 18 and 37 of Law 4387/2016, pay, for the primary and/or the supplementary pension, a monthly insurance contribution, as follows:

a) Salaried employees pay a monthly contribution equal to the product of the total percentage of insurance contribution (of the insured and the employer) at the amount established when submitting the application for optional continuation of insurance and the average earnings on which insurance contributions were paid in the last twelve before the cessation of compulsory insurance

b) for the non-salaried employees (self-employed, freelancers, persons insured at the ex OGA), the monthly contribution of non-salaried employees.

Legislative framework

1. Article 18 of Law 4387/2016
2. Article 37 of Law 4387/2016 (Article 33 of Law 4670/2020)
3. Article 96(2) of Law 4387/2016 as replaced by Article 44 of Law 4670/2020
4. Article 34 of Law 4387/2016 (Article 30 of Law 4670/2020)
5. Joint Ministerial Decision Φ.80000/οικ.21628/396/17-7-2017 (Government Gazette, Series II, No 1721)