Many employees, especially those that do not work in the government, semi governmental organisations and the banking sector, do not view the subject of pensions with the necessary gravity and in essence do not make any plans. It is common knowledge that the Social Insurance Fund itself with these new facts faces serious problems and it surely doesn’t provide pensions that will secure pensioners a decent retirement. As an alternative solution to the retirement funds offered by insurance companies, we propose investments in property, especially those that offer rental income that would supplement the social insurance pension payments. Every two years the rent increases by roughly 10% (recent regulation concerning rental properties has set a cap of 8% every two years whereas previously it was 14%). read more

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