MPs scrutinise new pensions scheme bill
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 ...
Wide disparity in the value of a pension
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 ...
Minister outlines support measures for low-income pensioners
The government recognises that low-income pensioners are a vulnerable group whose purchasing power is being eroded by inflation, deputy minister for welfare Anastasia Anthousi said on Thursday as she outlined ...
Thousands remain in financial difficulties because of late payment of government support
Thousands of people are in financial difficulties over delays in welfare payments and pensions, MPs heard on Tuesday.
The issue was discussed at the House Labour Committee for the umpteenth ...
Our View: Public sector pensions need overhaul without delay
Parliamentary spokesman of Akel Giorgos Loucaides wrote to the finance minister on Tuesday asking to know whether the government had any plans to submit a bill for regulating the issue ...
Union warns over impact of ageing population on pensions
Labour unions have warned that a major demographic shift due to ageing populations in the EU requires the restructuring of pensions.
At a European conference on Thursday, the Democratic Labour ...
No intention to raise pension age to 67, minister says
It is not the government’s intention to extend the retirement age to 67, Labour Minister Zeta Emilianidou said on Friday, announcing the start of talks on the reform of the ...
Twenty outgoing MPs to share €3m one-off tax-free payment
Twenty outgoing MPs will share an approximate €3m one-off tax-free payment, it emerged on Friday.
Former MPs who served one term will receive a one-off payment of €75,728 and are entitled ...
Akel call to abolish early pension penalty
Akel leader Andros Kyprianou on Sunday called for a new social policy, starting with the abolition of the 12 per cent deduction in pension imposed on those who retire at 63 instead ...
Union’s early pension demand a non-starter, minister says
The government on Friday rejected a suggestion by Akel-affiliated trade union PEO to remove a 12 per cent penalty from pensions of people who retire early, saying it would render the ...
Workers seek end to pension penalty on early retirement
A new campaign is underway to press the government to scrap a 12 per cent ‘penalty’ on the pensions of those who retire at 63 and not 65.
This follows a meeting at ...