"April pension payments are guaranteed and IKA will not ask for a loan"
The management of social security fund IKA does not intend to ask for a loan to pay April pensions and those insured in the fund should not be concerned, IKA officials said.
The same officials noted that IKA has already deposited 150 million euros in a National Bank account.
Regarding reports on IKA's lower revenues in January and February, they said that the funds' revenues are indeed lower by 72 million euros compared to same months in 2014 – due to cuts in employers' contribution – but this drop does not affect IKA's finances while revenue flow from contributions is, even slightly, better compared to last year.
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