Business | Daily | Tourist
INFORMATION SERVICES
Author: Damian Mac Con Uladh

The family allowance, paid out to working parents, IKA-insured workers and employees who do not receive a corresponding bonus for their children from their employer, is to be halved due to falling employment contributions

The children’s allowance paid to certain workers by the state’s employment agency OAED has been halved from July 1 due to the falling contributions from the workforce.

Known as the family allowance, it is paid out to working parents, IKA-insured workers and employees who do not receive a corresponding bonus for their children from their employer.

Last year, 300,000 families received the allowance, which is now being cut due to a 3.9 percentage point reduction in employment contributions.

This new allowance ranges from €4.11 for one child to €90.18 for large families of 14 children. Per year, that works out at €49.32 for 1 child to €1,082.16 for 14 children. Last year, a one-child family received €98.64 and while a family of 14 children was paid €2,164.32.

By way of comparison, in Ireland the standard benefit for one child is €130 a month.

Applications for the family allowance must be submitted to OAED by July 14.

A parent must have worked at least 50 working days in the preceding calendar to benefit from the allowance. If out of work, they must have received the ordinary unemployment benefit for a period of at least two months.

The family allowance is also granted to working people who have been (certified as) incapable of working for two consecutive months.

Insured non-Greek workers also receive the family allowance, provided that their children live in the country.

The new rates are in the red box (Table: Iefimerida.gr)The new rates are in the red box (Table: Iefimerida.gr)

EnetEnglish

Original Source: Eleftherotypia

Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    November 24, 2017, 4:42 pm
    Partly sunny
    Partly sunny
    18°C
    real feel: 19°C
    current pressure: 1020 mb
    humidity: 59%
    wind speed: 1 m/s N
    wind gusts: 1 m/s
    UV-Index: 1
    sunrise: 7:15 am
    sunset: 5:08 pm
     
  • Currency