Insurance debt: 10 year limit and regulation

The new draft law of the Greek Ministry of Labor, which will be presented for discussion in August, provides for a limit of ten years of insurance debts and the possibility of paying them in installments, in 24 installments.

The proposed rules relate to a regime for managing insurance debts along the same lines as that currently applied to tax debts: with a fixed regulation of insurance debts from the 12 payments currently in force to 24, and in some cases up to 48, and statute of limitations for debts to the Insurance Debt Collection Center if 10 years have passed, and not 20, as it is now.

Up to now, e-EFKA debtors have been able to repay arrears of insurance premiums in a maximum of 12 instalments. In addition to the newly established 24 installments, 48 ​​doses will also be available, but only if the debt has been assessed by the administration after a complaint or an on-the-spot check. The new fixed repayment arrangements for funds will give respite to approximately 200,000 EFKA-KEAO debtors with “fresh” debts.

The scheme is not free, the interest rate ranges from 4.95% if payments do not exceed 12, and up to 5.95% if payments reach 24. This is done in order to encourage debtors to pay off the debt in as few installments as possible. Who will benefit from doubling the amount of contributions? The bill clearly answers this question:

  1. 96,837 debtors who, according to ΚΕΑΟ, were included in the 12 installment program at the end of June 2022. After all, 24 doses will significantly reduce the amount of the monthly payment;
  2. approximately 90,000 debtors who lost fixed 12 installment arrangements in the first half of 2022.

The new provision will be able to regulate horizontally and retroactively the ten-year limitation period for insurance debts. It is envisaged that the limitation period will include debts that have not been established in a timely manner by the competent insurance fund within 10 years and / or to which measures have not been applied in a timely manner that interrupt the limitation period, for example, compulsory collection measures (auctions, etc.). ).

The main requirement of the new rules is that 10 years must pass before debt is established or thereafter before enforcement measures are activated. The new regulation will cover the period from 2006 to 2012.

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