#pension

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 ...

Workers at public broadcaster CyBC are to strike on Wednesday, demanding a resolution to issues related to the payment of pensions. It was not immediately clear what programmes will be ...

State officials will receive a taxable one-time gratuity on retirement, instead of a pension and a one-off bonus payout as is the case now, under legislation submitted by the government ...

The supreme constitutional court has rejected an appeal by former Foreign Minister George Iacovou against an earlier administrative decision reducing his pension earnings, it emerged on Thursday. Essentially the top ...

The year 2024 saw a significant shift towards conditions of full employment and 2025 will focus on pension reforms and the cost-of-living allowance, Labour Minister Yiannis Panayiotou said on Tuesday. Speaking after ...

The biggest pension hike in three decades was approved on Friday by the cabinet with an increase in the basic allowance by 5.94 per cent and in the supplementary amount by 1.49 ...

Almost three in ten Cypriots up to age 74 continue to work after retirement, the vast majority due to financial necessity, a new Eurostat survey has found. The official retirement age ...

Legislative bills to overhaul Cyprus’ pensions and social security system and ensure its long-term viability will be with the cabinet in 2025 before heading to the House for a vote, President ...

A large number of countries are facing increasing problems with pension sustainability and adequacy. To address this challenge, some European countries have adopted a three-pillar framework, which is based on: ...

A bill discussed at the House labour committee on Tuesday would change pensions given to widowers and see them brought in line with those given to widows. It was submitted ...

The civil servants’ main union on Monday came to the defence of former auditor-general Odysseas Michaelides, urging authorities to immediately pay the ex-official all his pension dues. “Regardless of the ...

Labour Minister Yiannis Panayiotou on Friday said pension reform is a government priority. Addressing a conference centred on the matter of pensions, he said the fact that universal social insurance ...

If consensus is not reached on the reduction of pensions for those retiring before the age of 63 within six months, the issue will be postponed till after the reform of ...