#pension

The social insurance fund (SIF) is financially viable until at least the year 2080, meaning there is no need to raise the age of retirement, according to the findings of an ...

Plans are afoot to abolish the practice of paying multiple pensions to government officials, it was revealed on Friday. Finance Minister Makis Keravnos said the government “is determined to continue ...

by Nikolaos Prakas and Tom Cleaver As of 2025, some British retirees living in Cyprus and getting a UK state pension are set to see the amount they receive fall as ...

Labour Minister Yiannis Panayiotou on Monday signalled that a bill increasing maternity leave from 18 to 22 weeks would soon get the nod from the cabinet and then head to parliament. In ...

Unions against the proposed 12 per cent drop in pension payments for those who retire before the age of 65 said on Tuesday they were not satisfied with the labour ministry’s ...

By Stefanos Sofroniou An increasing number of employers are weighing the merits of introducing an occupation pension plan for their employees. Employer contributions towards employees’ pension pots are crucial for ...

The audit office on Friday said it had received the updated bills from parliament regarding changes to regulations on public officials receiving multiple pensions. In their proposal submitted at the ...

The labour advisory board proposed on Monday a reduction of the 12 per cent drop in pension payments for those who retire before the age of 65 if they have completed 40 years ...

Cyprus’ pension system will be reformed and modernised under the current administration, Labour Minister Yiannis Panayiotou said on Tuesday. Speaking after a session of the House labour committee, he added ...

What a mess the authorities have made of the issue of the multiple pensions over the years. We are now at the point at which someone who had been a ...

The inevitable public outcry followed the revelation that President Nikos Christodoulides, apart from his salary, was being paid a monthly state pension of €1300. It was ethically unacceptable and provocative that ...

The president is not hiding anything, Government Spokesman Konstantinos Letymbiotis said on Friday answering criticism of him over the controversial issue of multiple pensions for state officials. President Nikos Christodoulides ...

By Nikolaos Prakas and Elias Hazou The issue of multiple pensions being given to state officials will be discussed at the house finance committee in two weeks it emerged on ...

President Nikos Christodoulides failed to claim in his capital statement (‘pothen esches’) an early pension he receives from the foreign ministry on top of his presidential salary, it emerged on ...

Labour minister Yiannis Panayiotou has made the government’s position on early retirement adjustments clear following a meeting with the social insurance council on Friday. He said the position of ...

The council of ministers approved the terms of reference of the Gender Equality Commissioner on Wednesday, so as to better promote equality objectives in all government bodies. The aim was ...

The new allowance scheme for low-income pensioners will simplify application and evaluation processes, resolving key time-consuming weaknesses in the existing system, deputy minister for social welfare Anastasia Anthousi said on ...

During the state budget debate, the Green Party, once again, tried to block the spending item for former presidents of the republic and former presidents of the legislature, that cover ...

The reform of the social security system and adequate income for pensioners are among the priorities of the labour ministry for the next three years, MPs heard on Friday during ...

Labour Minister Kyriacos Koushos said on Friday the final decisions on the reform of the Cyprus pension system would be taken by the new government when it’s installed. Presidential ...

I was horrified, not to use too strong a word, to read your editorial in last Thursday’s issue (No quick fix as protesting pensioners battle government indifference, Cyprus Mail ...

Labour Minister Kyriacos Koushos conceded on Tuesday that problems persist with delays in processing benefits applications, promising to resolve the matter soon, while also hinting at a possible scrapping of ...

Lawmakers on Monday continued discussing the ins and outs of a bill introducing a new pensions scheme for civil servants and employees of the broader public sector, amid concerns as ...

Among the 160,746 pensioners in Cyprus as of 2020, there are wide variations in the amount people receive, some getting up to €2,487 while others were granted €710. With a total cost to the ...