The process for enrolling in the new payment plan of up to 72 installments for social security debts owed to EFKA has officially begun, as the relevant circular was issued yesterday, activating the new framework for implementing the recent Law 5313/2026.
Those interested will be able to submit their applications by December 31, 2026, through the online services of the Center for the Collection of Social Security Debts (KEEO), for debts owed to EFKA and NAT. It should be noted that the total debt owed to the Social Security Funds now approaches 52 billion euros, with nearly 7 out of 10 debtors owing up to 15,000 euros each.
Specifically, the repayment plan applies to social security debts incurred up to and including December 31, 2023, that were not subject to an active repayment plan as of April 21, 2026, nor were they subject to any other repayment plan as of the date the application was submitted.
For the application to be accepted, the debtor must not have any overdue and unregulated debts dating from January 1, 2024, or later. If there are more recent debts, they must also be included in the standard repayment plan at the same time in order to meet the basic eligibility requirement.
For debtors who do not meet the above conditions, an informational message regarding the existence of an active payment plan will appear on the KEAO’s online services when selecting the 72-installment plan.
Debts can be paid off in up to 72 monthly installments, with a minimum installment of 30 euros. Enrollment in the payment plan is finalized only upon payment of the first installment, which must be paid by the last business day of the month in which the application was submitted. The remaining installments are due on the last business day of each subsequent month, without the need for a new notice from the KEAO.
As clarified in the circular, the principal debt is capitalized and, from the date of enrollment, is subject to the interest rate provided for the standard settlement of social security debts, rather than additional fees and surcharges. In other words, it accrues interest at a rate of 5.5%, whereas for debts not covered by the arrangement, the corresponding interest rate is 8.5%.
At the same time, the debtor retains the right to early repayment by paying the interest corresponding to the installments that were ultimately paid until the debt was settled.
Participation in the repayment plan comes with significant benefits. Among other things, the debtor is granted social security compliance status, criminal prosecution for debts owed to social security funds is suspended, the enforcement of any imposed sentence is halted, and enforcement measures—such as the seizure of personal property and real estate—are frozen for as long as the terms of the arrangement are met.
Debtors, however, should be particularly careful, as the arrangement is voided if two consecutive monthly installments are not paid or if new social security obligations arising during the term of the arrangement are not settled on time. In this case, the remaining balance of the debt becomes immediately due, and all enforcement measures are reinstated.
To implement the new system, the KEAO has established two new types of payment plans. Type 795 applies to debts incurred up to December 31, 2023, which are covered by the 72-installment plan, while Type 790 is used for the parallel settlement of debts incurred on or after January 1, 2024, provided that their simultaneous settlement is required.