#pension

The government has said it would introduce a new pension system in 2027. It plans to submit the pension reform bills to the legislature, before the summer recess in mid-July, so ...

Labour Minister Marinos Mousiouttas has ruled out proposals to raise pensions by 125% , while stressing that any increases must remain compatible with the sustainability of the Social Insurance Fund and fiscal ...

Trade unions on Thursday gave the thumbs-down to the pension reform bills being submitted by July, citing many loose ends, while the government was determined to press ahead regardless. Labour ...

Raising the basic pension, without impacting the robustness of the Social Insurance Fund, is a key government objective, the labour minister said on Tuesday. “What I can say for sure, ...

Pensioners’ organisations have demanded the “immediate lifting of an injustice against widowers” so that their rights are “equal for all”, regardless of the date of death of their spouse. In ...

The government is aiming for a comprehensive reform of the pensions system to come into force by January of next year, labour minister Marinos Moushiouttas announced on Thursday. Speaking on ...

The government plans to submit bills to parliament to reform the pension system by June, Labour Minister Marinos Mousiouttas said on Tuesday. He was speaking to the day’s session ...

Labour Minister Marinos Mousiouttas met on Friday with the social partners to discuss pension reforms – which he described as “emblematic” – the minimum wage and the decree in place for the ...

Voicing promises of promoting pension reforms and strengthening low-income pensioners, President Nikos Christodoulides inaugurated the new municipal ‘Evanthia Pieridou’ rest home in Larnaca. Christodoulides said old age was an issue ...

Cyprus is preparing its next major reform, with the government setting a target of significant pension increases by 2026, starting with low-income pensioners. President Nikos Christodoulides said pension reform is now ...

Labour Minister Marinos Mousiouttas said on Friday that the government had struck a “golden balance” on the increase to the national minimum wage, which will apply for the next two ...

The government is committed to implementing pension reform, President Nikos Christodoulides said on Tuesday. “One of the greatest needs in our country is to reform a state still operating with ...

President Nikos Christodoulides finally decided that the €730 a month (presumably after tax, as the pension was reportedly €1100) he was collecting as a state pension, for his 18 years work at the ...

President Nikos Christodoulides on Monday announced that he will be giving away his state pension to charity – while at the same time asserting that he is averse to going public ...

MPs are preparing to vote on amendments to the pension reform law that appear to weaken its original provisions, it was reported on Tuesday. As reported by Philenews, the latest ...

Despite a law having just come into force, allowing state officials to waive receiving a pension while still in active service, it turns out this has no practical application, media ...

The council of ministers on Wednesday approved another bill that would supposedly deal with the controversial issue of multiple pensions. What was approved by the cabinet, could still be changed ...

The government said on Tuesday it has no intention of scrapping the so-called ‘penalty’ on pensions imposed on those retiring early at age 63, provoking a tussle in parliament between the ...

In 2023, 45.1 per cent of people aged 50 to 74 across the EU were receiving a pension. In Cyprus, the rate was significantly lower at 37.8 per cent, the fifth-lowest in the bloc. Only ...

Thousands of low-income pensioners are being negatively impacted by the stalled easing of the 12 per cent actuarial reduction applied to pensions for those retiring at 63, trade union Deok said on ...

A leading pensioners’ group in Cyprus has urged the government to immediately renew and strengthen its holiday subsidy scheme, warning that more support is needed to help vulnerable retirees. In ...

The number of low-income pensioners receiving the Easter bonus will drop by 2,500 this year, Cyprus union of pensioners (Ekysy) said on Monday. The organisation warns that compared to 2023, the reduction ...

A long-standing pension dispute at Cyprus’ public broadcaster, CyBC, is set to be resolved, heard on Wednesday, following a key agreement involving the government, trade unions, and the organisation’s ...

Another farcical meeting about multiple pensions was held at the House finance committee on Monday. This time deputies of all parties, including those supporting the government, turned against the government ...