The third plan for the regulation of overdue contributions to the Social Insurance Fund (TCA) may be the last chance given by the state to debtors who have debts to the Fund to settle them. Overdue contributions to the Social Security Fund have climbed to €245 million. and the new plan, which was implemented last May, gives another way out to debtors to comply with their obligations and not get into adventures with the Justice.
The application submission period expires on September 14, with the Minister of Labor, Marinos Mousiouttas, calling on businesses that owe the Social Security Fund not to think too much about it and to participate in the plan.
Speaking to "F", the Minister of Labour clarified that no new regulation will be implemented in the coming years, indicating, "but I want to be clear to every business that is considering it: a similar plan is not expected to be implemented in the coming years. The deadline expires on September 14."
1,800 applications were submitted
By the end of last week, the number of applications submitted for inclusion in the overdue contribution settlement plan amounted to around 1,800. The competent authorities expected that the number would be higher, however, they hope that, before the deadline, there will be a stronger interest from employers and self-employed people who have debts to the Fund.
The 1,800 applications are under the microscope of the competent officials of the Social Insurance Services, so that the data can be identified, but also the amount of debts that can be repaid through the third and possibly last plan can be clarified.
According to Mr. Mousiouttas, there are many substantial benefits from joining the plan, as, as he explained, debts are repaid in instalments. "For as long as the regulation lasts, no additional fee is imposed for periods of delay. No criminal charges are brought. And any criminal charges or awarded debts that exist are suspended for the entire period that the business remains integrated," he added.
At the moment, the possibility of giving a few days extension to the submission of applications has not been put on the table, which will depend on the interest of the beneficiaries before the deadline expires.
Equal monthly instalments
Those debtors who join the plan can pay off their debts through 54 equal monthly instalments. In the meantime, in case debtors choose to pay their debts earlier than the 54 instalments, they will benefit from a corresponding reduction in the additional fee, which can reach up to 27%.
It is noted that employers have the right to join the plan for debts up to and including February 2026. Self-employed workers who had debts up to and including the fourth quarter of 2025 are also covered. At the same time, all 395 debtors participating in the previous plan, which expires in September, can join the new plan.
The plan also provides for a minimum monthly instalment amount, which depends on the amount of the debt. Specifically, for debts to the Social Security Fund up to €500, the minimum amount of each monthly instalment is €25. In addition, for debts from €501 to €1,000, the minimum amount of the instalment is €50 and for debts over €1,001 the minimum amount of the instalment is €75.
Beneficiaries
Those who join the plan will have to pay, in addition to the monthly instalment, all current contributions on time, i.e., for employers, the contributions from March 2026 onwards and, for the self-employed, from the first quarter of 2026 onwards.
It should be noted that, once the applications are approved, within 15 days from the receipt of the notification of the decision, the duly completed declaration of acceptance must be submitted, which will be sent together with the letter of approval.
The first instalment may be paid at the same time as the submission of the declaration of acceptance of the approved arrangement or, at the latest, by the last day of the month in which the declaration of acceptance of the approved arrangement is submitted, while each of the remaining instalments is paid no later than the last day of the month to which it corresponds.
