Approximately 4,000,000 debtors and insured people have the option of paying off their debts that were overdue by December 31, 2018, in 18 to 120 monthly installments to the Tax Office, municipalities and insurance funds.

According to the bill which will be submitted today in Parliament, the number of installments is calculated on the actual declared earnings, and not those derived on the basis of the presumptions of living expenditures and acquisition of assets.

The bill also includes provisions to abolish the 55-year old threshold for widows’ pensions, the justification for redundancies, and the arrangements for employment and insurance status of delivery persons and transporters.