€2.5 billion in 'hot money': Who gets paid by e-EFKA and DYPA and when

Greek social security organizations e-EFKA and DYPA are set to distribute a substantial sum of nearly 2.5 billion euros by the end of July. This significant disbursement will reach over 4.3 million beneficiaries, including pensioners, the unemployed, and workers, who will receive their August pensions, lump-sum payments, and a range of other benefits.

The payment schedule begins on Monday, July 27, and extends through Friday, July 31. On July 28, over 2.6 million recipients are expected to receive approximately 1.32 billion euros for their main and supplementary pensions for August. A further payment of over 1.11 billion euros for August pensions is scheduled for July 30, benefiting more than 1.65 million individuals.

In addition to pensions, the funds will cover various other payments. On July 30, around 2.8 million euros will be disbursed for pension advance payments. Between July 27 and July 31, approximately 14.5 million euros will be paid out as lump sums. Other payments include 1.8 million euros for the return of contributions for employed pensioners, 16 million euros for unemployment and other benefits, 1 million euros for maternity leave, 20 million euros for subsidized employment programs, and 700,000 euros for contributions to public benefit programs.

These extensive payments aim to support a broad segment of the Greek population, providing financial relief through pensions and various social benefits during the summer period.