#pension

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 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 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 ...

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 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 ...

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: ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 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 ...

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 ...