#pension

The fiscal cost of the planned overhaul of the pension system will tally at “considerably more” than €50 million a year, Labour Minister Marinos Mousiouttas said on Thursday, while insisting that ...

The 12 per cent pension reduction imposed on people who retire at 63 dominated discussions at the Labour Advisory Board on Thursday as negotiations over the government’s pension reform continued. The ...

Government spokesman Konstantinos Letymbiotis said on Thursday that talks on pension reform were “in full swing”, stressing that implementation remained on track for 2027. “Today, discussions at the Labour Advisory Board ...

President Nikos Christodoulides has donated his €730 monthly pension to the Troodos village of Foini towards a care home for the elderly and disabled. The donation covers the pension he receives ...

The main group representing the interests of businesses set out on Monday their concerns over the government’s planned pension reform, while talks continued among stakeholders on its details. A ...

Sixty per cent of planned pension increases could be implemented within the first two years of the government’s pension reform, Labour Minister Marinos Mousiouttas said in an interview published ...

All pensioners will receive increases under the government’s planned pension reform, with those on lower pensions set to benefit the most, Labour Minister Marinos Mousiouttas said on Sunday. In ...

The additional €50 million per year which the government’s planned pension reform will cost the taxpayer for the first five years after the reform’s implementation falls “within the framework ...

The new pension reform is expected to be at the centre of a meeting of the Labour Advisory Board with Labour Minister Marinos Mousiouttas on Wednesday morning. “The goal is, ...

A major trade union on Tuesday poured cold water on the idea that pension reform legislation could be tabled to parliament in September, also expressing concerns over the government’s ...

The government’s pension reform bill will be sent to trade unions and employers’ organisations in the coming days after President Nikos Christodoulides met Labour Minister Marinos Mousiouttas and Finance ...

The bill to reform Cyprus’ pension system is to enter its final drafting stage next week after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos next Wednesday to settle ...

The government’s final proposal for pension reform is expected to be decided by August 5, after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos, the labour minister said on ...

Pension reforms are progressing as planned, with pensioners expected to see higher payments from February 1, 2027, Labour Minister Marinos Mousiouttas said on Friday. The minister said the bill covering the first ...

Increasing the lowest pensions and reducing the cut in pensions for early retirement were the two main items discussed by Labour Minister Marinos Mousiouttas with the House of Elders, it ...

The government has bowed to union pressure with regard to its pension reform plan. After a meeting of the Labour Advisory Body, Labour Minister Marinos Mousiouttas said there had been ...

The government has postponed the presentation of its pension reform bill, with Labour Minister Marinos Mousiouttas conceding that additional time will be given for consultations in an effort to secure ...

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 ...