During the first, transitional period, your contributions will be invested in deposits in the Collective Investment Fund of Legal Bodies Governed by Public Law and Social Security Funds which is managed by the Bank of Greece.
TEKA provides state auxiliary pensions to new entrants to the labour market as of 01.01.2022, who are subject to auxiliary insurance.
An auxiliary pension complements the main pension and is “built” by saving part of the salary in the form of contributions.
Social security contributions therefore are people’s pension savings!
It is a personal capital that will be available to you when you will no longer be able to work and it is guaranteed by the State.