Delayed provident funds law plagued by back door additions
RULING Disy on Monday said it will back a government bill seeking to regulate the operation of provident funds, but censured what it called last-minute...
provident funds
Provident funds look set to be exempted from Gesy payments
The Health Insurance Organisation (HIO) said on Tuesday it is open to the proposal to exempt provident funds from contributing to the national health scheme,...
Bank workers union to demonstrate over provident funds
Bank employees’ union Etyk will hold a demonstration on February 1, because the government has failed to keep its promises, it announced on Tuesday. Etyk...
Georgiades says Etyk ignores favours done by government
With its decision to march to the presidential palace to protest a cabinet decision to allocate more money to compensate members of provident funds for...
Etyk marches to presidential palace for more compensation
By Stelios Orphanides Bank workers’ union Etyk asked its members to march to the presidential palace on Tuesday to protest the government’s decision to allocate...
Cabinet earmarks €20m to compensate Etyk members in major U-turn
Finance Minister Harris Georgiades said that taxpayers will have to pay additional €20m to compensate members of provident funds for their losses in the 2013...
Etyk threatens action over provident funds, slams Fiscal Council chairman
BANK employees’ union Etyk said that it is considering ways to pressure the government to fully compensate members of provident funds of the two major...
Georgiades rejects bank workers’ provident funds demands
Finance Minister Harris Georgiades told bank workers’ union Etyk on Friday not to expect compensation over and above what they have already been promised for...
Compensating provident funds increases systemic risk, Fiscal Council says
The Fiscal Council said the government decision to increase the compensation to provident funds that lost money in the 2013 banking crisis may be a...
Details released of returned funds from 2013 haircut
The details of the plan to reimburse the members of provident funds of private companies that suffered losses on uninsured deposits following the March 2013...
Etyk says provident fund compensation lacks compared to public sector pensions
By Stelios Orphanides Bank workers’ union Etyk has criticised the government’s decision to cap compensation to members of provident funds for losses sustained in the...
Georgiades defends reimbursement of provident funds
The government’s decision to reimburse 75 per cent of provident funds seized during the 2013 meltdown and cap reimbursements at €100,000 was known all along...
Cabinet approves additional compensation to stricken provident fund members
Finance Minister Harris Georgiades said Wednesday the council of ministers approved a bill to compensate members of provident funds who lost money in the 2013...
Warning over pensions danger for retirees
A large number of provident funds and individual pension plans have been terminated as a result of the financial crisis of 2013, and further delay...
Georgiades reiterates commitment to restore bailed in provident funds, ETYK says
Finance Minister Harris Georgiades reaffirmed the government’s commitment to rehabilitate provident funds “soon” which lost money in Cyprus’s 2013 banking crisis, bank workers’ union ETYK...
Time for state to ‘heal financial wounds’
The state is gradually reaching a point where it can afford to compensate, at least in part, people who lost money in the 2013 banking...
Most provident funds and charities to be exempt from bail-ins
The House finance committee on Tuesday said that 99 per cent of provident funds would be shielded from a ‘bail-in’ or haircut on deposits, under...
New watchdog for provident funds on the cards
A new oversight authority will be set up by the government in order to monitor insurance companies and provident funds, Finance Minister Harris Georgiades told...
MPs to continue debate on haircut of provident funds
By Angelos Anastasiou THE House Finance committee decided on Monday to continue discussion on a bill tabled by DISY deputy Prodromos Prodromou allowing provident funds that were...
Almost 299m euros for provident and pension funds
THE GOVERNMENT will set aside almost €299 million to compensate provident and pension funds that had money deposited in Laiki Bank, now in the process...