Cyprus Mail
Cyprus

Former MPs want higher pensions

Former MPs who served before 1991 are demanding an increase to their pensions, saying they cannot make ends meet, it emerged on Tuesday.

In a letter to House President Demetris Syllouris, the association of former MPs said raising the minimum monthly pension for a number of colleagues has been a standing demand since 1996.

The letter, published by daily Phileleftheros, said some former MPs, who had served before 1991, “are facing a survival problem with the pension they receive today.”

Ten of the older MPs receive €799 per month and another 12 get between €824 and €932. They demand a minimum monthly pension of €1,300.

The association said that despite recognizing the problem, no one has taken the initiative to correct it.

It said raising the pension to a minimum €1,300 per month would not greatly affect the state’s finances. They said it was expected to cost the state some €80,000 per year, “an amount that will be reduced every year.”

When the demand was first raised, the number of former MPs affected was 37. It was currently 22, as the rest had died.

Based on current revenues, MPs receive a pension of around €1,300 per month for one five-year term and some €3.300 for two terms.

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