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> Economy

lump sum benefit applications exceed 40.000

There is risk of running out of money for the coverage of other civil servant retirees

Newsroom July 27 03:07

The applications in question are now more than 40.000, and they are currently on hold at the public sector’s Providence Fund.

As ”Mega Channel” broadcasted, according to information provided by the Fund’s general directorate, from June to July 24, 2013 the number of petitions was 7.200, while the number in the same period this year reaches 10.800.

Should lump sum payment applications continue at the same rate, then the number of retirements within just the Public Services section is expected to amount to 20000 as far as the whole of 2014 is concerned.

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