September 24, 2023

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Optional insurance TEAs and IESP-TEAs

In Greece, at the beginning of 2021, there are twenty (21) Optional Occupational Insurance Funds, pursuant to Articles 7 and 8 of Law 3029/2002 (Government Gazette, Series I, No 160), i.e. the founding law of the institution of Occupational Insurance. These Funds are active in the public sector, in the field of shipping, insurance, banking and the stock market sector, but also relate to more specific sectors, such as economists, geotechnics, police officers/firefighters/port officers, employees in public transport, etc. At the same time, new IESP-TEA are being established, a fact that reflects the strength of the institution in our country in recent years.

The purpose of Optional Occupational Insurance Funds is to provide the insured and the beneficiaries with occupational insurance protection, in addition to that provided by compulsory social insurance, to cover risks of old age, death, disability, accident, illness, and dismissal etc. The benefit involves payment of a lump sum, however, in some Funds, the corresponding amount can also be paid periodically (pension). The Optional Occupation Insurance Funds operating in Greece are:

  1. Occupational Insurance Fund of the Ministry of Finance, a legal person governed by private law (TEA of the Ministry of Finance), Ministerial Decision No Φ.51020/8370/117/14.05.2004 (Government Gazette, Series II, No 727), amendment (Government Gazette, Series II, No 452) of 16.4.2010, new amendment (Government Gazette, Series II, No 3662) of 11.11.2016 and last amendment (Government Gazette, Series II, No 48) of 18.1.2019;
  2. Occupational Insurance Fund of Economists, a legal person governed by private law (ETAO legal person governed by private law), Ministerial Decision No Φ.51020/20163/292/26.08.2004 (Government Gazette, Series II, No 1307) and amendment (Government Gazette, Series II, No 2764) of 2.12.2011;
  3. Occupational Insurance Fund for the Personnel of the Hellenic Post, a legal person governed by private law (TEA ELTA), Ministerial Decision No Φ.51020/19631/283/06.09.2004 (Government Gazette, Series II, No 1364), amendment (Government Gazette, Series II, No 1370) of 14.7.2008 and new amendment (Government Gazette, Series II, No 2638) of 30.6.2020;
  4. Occupational Insurance Fund for Geotechnical Engineers (TEAGE, a legal person governed by private law), Ministerial Decision No Φ.51020/8889/122/04.07.2006 (Government Gazette, Series II, No 818) and amendment (Government Gazette, Series II, No 2765) of 2.12.2011;
  5. Occupational Insurance Fund for Casino Personnel, a legal person governed by private law), Ministerial Decision No Φ.51020/20964/255/23.10.2008 (Government Gazette, Series II, No 2192);
  6. Occupational Insurance Fund for Air Traffic Controllers of Greece (TEA-EEKE, a legal person governed by private law), Ministerial Decision No Φ.51020/12693/141/29.05.2009 (Government Gazette, Series II, No 1028) and amendment (Government Gazette, Series II, No 3544) of 10.10.2017;
  7. Occupational Insurance Fund for Police Officers, Firefighters and Coast Guard Officers (TEAAAPL, a legal person governed by private law), Ministerial Decision No Φ.51020/15970/182/04.09.2009 (Government Gazette, Series II, No 1903), amendment (Government Gazette, Series II, No 786) of 4.4.2013 and new amendment (Government Gazette, Series II, No 5061) of 17.11.2020;
  8. Occupational Insurance Fund for the Personnel of the Companies JOHNSON & JOHNSON HELLAS SA and JANSSEN-CILAG PHARMACEUTICAL SA, a legal person governed by private law (TEA J&J/JC), Ministerial Decision No Φ.51020/10407/104/26.05.2010 (Government Gazette, Series II, No 715);
  9. Occupational Insurance Fund for the Personnel of the Company INTERAMERICAN, a legal person governed by private law (TEA INTERAMERICAN), Ministerial Decision No Φ.51020/17229/147/06-08-2010 (Government Gazette, Series II, No 1279), amendment (Government Gazette, Series II, No 593) of 14.2.2013 and new amendment (Government Gazette, Series II, No 3934) of 25.10.2019;
  10. Occupational Insurance Fund of the Institute of Certified Public Accountants of Greece, a legal person governed by private law (TEA of the SOEL), Ministerial Decision No ΑΤ10/Φ.51020/36232/648/03.10.2016 (Government Gazette, Series II, No 3166);
  11. Occupational Insurance Fund for Urban Transport PASIAL & EA, a legal person governed by private law (TEA of the PASIAL & EA, Ministerial Decision No ΑΤ10/Φ.51020/54076/874/19.01.2017 (Government Gazette, Series II, No 60);
  12. Occupational Insurance Fund of the Medical Association of Thessaloniki, a legal person governed by private law (TEAISTH), Ministerial Decision No AT 10/Φ.51020/26405/447/19.07.2017 (Government Gazette, Series II, No 2496);
  13. Occupational Insurance Fund for the Personnel of ACCENTURE, a legal person governed by private law (TEA ACCENTURE), Ministerial Decision No ΑΤ10/Φ.51020/42461/662/13.10.2017 (Government Gazette, Series II, No 3632);
  14. Occupational Insurance Fund of Shipping Companies of Tsakos Group and Associates, a legal person governed by private law (TEA of the TSAKOS GROUP), Ministerial Decision No Δ16/Φ.51020/27566/682/24.05.2018 (Government Gazette, Series II, No 1889);
  15. Occupational Insurance Fund for Civil Aviation Service Personnel, a legal person governed by private law (TEA-YPA), Ministerial Decision No Δ16/Φ.51020/οικ.4994/131/07.02.2019 (Government Gazette, Series II, No 307);
  16. Occupational Insurance Fund for the Personnel of INTERLIFE AAEGA, a legal person governed by private law), Ministerial Decision No Δ16/Φ.51020/18752/557/07.06.2019 (Government Gazette, Series II, No 2150);
  17. Occupational Insurance Fund for Insurance Intermediaries with a Productive Cooperation Relationship with the Insurance Companies of Interamerican Group & their Employees, a legal person governed by private law (TEA OF INSURANCE INTERMEDIARIES INTERAMERICAN), Ministerial Decision No Δ16/Φ.51020/οικ.12457/307/07.06.2019 (Government Gazette, Series II, No 2142);
  18. Occupational Insurance Fund for the Personnel of BETA ΒΕΤΑ CAE Systems, a legal person governed by private law), Ministerial Decision No Δ16/Φ.51020/17434/514/11.06.2019 (Government Gazette, Series II, No 2273);
  19. Occupational Insurance Fund of the companies of the group HELLENIC STOCK EXCHANGES – ATHENS STOCK EXCHANGE, a legal person governed by private law, Ministerial Decision No Δ16/Φ.51020/οικ.34355/1183/27.09.2019 (Government Gazette, Series II, No 3601);
  20. Occupational Insurance Fund of the INSTITUTIONAL INVESTORS UNION, a legal person governed by private law (TEA-ETHE) Ministerial Decision No Δ16/Φ51020/οικ.28691/831/10.09.2020 (Government Gazette, Series II, No 4188);
  21. Occupational Insurance Fund of the PIRAEUS BANK Group, a legal person governed by private law (TEA Piraeus Bank Group), Ministerial Decision No Δ16/Φ51020/οικ.35858/1018/22.10.2020 (Government Gazette, Series II, No 4854);
  22. Occupational Insurance Fund of the companies IntrumHellas AEDADP and IntrumHellas REO Solutions SA  (ΤEA Intrum, legal person governed by private law), Ministerial Decision No Δ16/Φ.51020/οικ.8477/212/08.03.2021 (Government Gazette, Series II, No 1081);
  23. Occupational Insurance Fund for the staff of Athens International Airport SA, a legal person governed by private law (TEA DAA), Ministerial Decision No Δ16/Φ.51020/50982/9477/15.07.2021 (Government Gazette, Series II, No 3398);
  24. Occupational Insurance Fund of Eurolife FFH Group Companies and Associates, a legal person governed by private law, Ministerial Decision No Δ16/Φ51020/105139/17.12.2021 (Government Gazette, Series II, No 6342).

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