(ANSAmed) - ATHENS, OCTOBER 14 - Rising unemployment -
hitting 27.6% last July - has had a devastating effect on
Greece's largest social security provider, IKA, which has seen
contributions drop by nearly a quarter since 2009, as daily
Kathimerini reports. IKA figures show that it is expected to
close the year with 10.78 billion euros in contributions, a
dramatic drop of 5.08 billion euros from 2009, when it had
460,794 more members than it does today. Of that 10.78 billion,
meanwhile, IKA will have paid 9.56 billion euros in pensions by
the end of the year. IKA has lost a total of 24% of its
contributions since the start of the crisis, with the biggest
losses coming from the construction sector (77.65%), which was
its mainstay.(ANSAmed).
