#pension

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 ...

CyBC trade unions call off strike after president says no one to be wronged Trade unions have called off strikes at the CyBC planned for Thursday and next week, after ...

Pensioners union Ekysy on Friday reiterated their plea on Friday to scrap the 12 per cent pension cut for those who retire early. In a statement, Ekysy pledged it would go ...

Lawmakers on Monday continued grappling with the complex issue of pensions paid to currently serving state officials who also draw a salary, with the attorney-general’s office pouring cold water ...

The government on Thursday said President Christodoulides currently receives a pension of just €600 a month, contradicting earlier reports that the amount comes to €1,000. Speaking to a television news network, deputy ...

Disy MP Savia Orphanidou on Wednesday announced she would forego the civil servant’s pension which she had been receiving. She said her monthly pension of €218.47 would be paid into ...

MPs were apparently shocked to hear the government’s proposal that currently serving state officials would be allowed to continue to get a pension while still drawing a salary, it ...

Parties and deputies tabled 11 different bills at the House finance committee on Monday, all aimed at regulating the payment of multiple pensions to state officials. Of those bills, two were ...

The government on Wednesday approved a bill which will raise state officials’ pension age from 60 to 65. The bill passed through cabinet and will now be sent to parliament for ratification ...

Reduced pensions for early retirement cannot be scrapped as that would come at an annual cost of €100 million, Labour Minister Yiannis Panayiotou said on Tuesday as talks continue into pensions. ...

Workers at the Cyprus Broadcast Corporation (CyBC) will stop work at 8pm for an hour on Friday to protest the fact that colleagues who retired after January 2023 have not yet ...

Employees at the state broadcaster (CyBC) will go on a one-hour strike during the main news bulletin next Friday, amid an ongoing row over retirement benefits. According to a union ...

Six employees who retired from the state broadcaster (CyBC) last year have yet to receive their pension, Evrik union said on Tuesday. calling on Finance Minister Makis Keravnos to step ...

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 ...