Greek private-sector workers will see their salaries boosted by the reduction in their social insurance contributions by three percentage points in 2021, starting on January 1, Labour Minister Yiannis Vroutsis said in statements to the Athens-Macedonian News Agency (ANA) on Wednesday.
He underlined that the reduction of non-wage costs was a “central choice because it boosts the three-point agenda: protect the labour market, boost employee incomes, increase job positions.”
The reduction will bring social insurance contributions down to 36.66 percent from 39.66 percent previously, since the 0.9 percentage point reduction in June, he said. The minister clarified that the reduction will be on contributions levied for third parties and not affect income-dependent contributions to main and supplementary pensions.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
