Cross-checking of records conducted by IKA-ETAM (Greece’s largest social insurance fund) into pensions paid to those born before 1920 revealed 1,473 instances where pension payments continued to be deposited into the bank accounts of pensioners who were deceased, it was announced on Thursday. The total amount paid out to people who were not eligible came to1,882,282.17 euro a month.
The payments have already been stopped and IKA-ETAM is now in the process of calculating the full amounts collected illegally by ineligible individuals, who will be sued for damages by the defrauded IKA-ETAM branches.
Crosschecks continue by the fund’s services, while an annual census of all pensioners is in effect since July 1.