The transition to the new DC auxiliary pensions system aims to:

  • Ensure higher auxiliary pensions for the younger generation of insured persons.
  • Restore young people’s trust in the social security system. Insurance and future pensions become relevant for young people while undeclared work is disincentivised.
  • Support the sustainability of the social security system and mitigate the impact of the demographic problem. 
  • Spread the insurance risk.
  • Contribute to the development of the Greek economy by investing part of the Fund’s contributions in the domestic market.