earnings will see the employees of DEH, OTE, ISAP directly.
According to the decision signed by the Secretary of state for Social Security, mr. Anastasios Petropoulos, occurs a reduction of up to 4% on contributions paid by employees and employers for the sector main pension from 1/1/2017 to PPC, OTE, ISAP.
In the Ministerial Decision, which sets out the new scheme of contributions to former SOES is projected from 1/1/2017, PPC, social contributions will be reduced by 1.9 percentage points, while employers ‘ contributions by 2.1 units. Overall, that will lead to a decrease of 4% on contributions on gross earnings of workers in PPC, and, therefore, a corresponding increase of 4% on net earnings.
In fact, this increase will not run out only this year, but will continue until 2020, reaching a cumulative 13%.
For the insured persons of the former CIS-ISAP, will be reduced this year, the labour contributions to the 8,29% compared with 8.8% in force until 31/12/2016.
The employer’s contributions will be reduced by 19,1% to 31/12/2016 at 17,70% by 1/1/2017. So the contributions for the employees in the ISAP will fall from 1/1/2017 2% and respectively will increase the net earnings. Gradually until 1/1/2020, the employer’s contributions for employees of the ISAP will reach 13,33%, while the workers ‘ contributions will reach the of 6.67%. Cumulatively, that is, the 2017-2020, the workers in the ISAP will see reduced their contributions by 7.9% and the corresponding rate will see increased take-home pay.
The members of TAP-OTE there will be a reduction of the labour contribution from 1/1/2017 at 8.2% against 8.8%, which was, until last year. The employer’s contributions will be reduced from 18.6% to 31/12/2016 17.3% by 1/1/2017. So I will reduce 2% of the contributions for their employees in OTE and in corresponding rate will increase net earnings by 1/1/2017. Until 1/1/2020, the workers ‘ contributions will fall in 6,67% and the employer’s contributions to 13.3%. Cumulatively, i.e. 2017-2020 to the employees of the OTE should see increases in net earnings 6.8% due to a corresponding reduction of contributions.
Grow directly the salaries in PPC, ISAP and OTE
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