1) 13th salary

Cyprus Considers State Salary Reforms After IMF Consultations

Cyprus is considering state salary reforms to address disparities between public and private sectors, including reducing state salaries and abolishing the Cost of Living Allowance, following IMF consultations. These reforms aim to align wages with productivity levels and ensure economic sustainability.

Legal Implications of Withholding the 13th Salary

By Demis Papadopoulos

Employers who fail to pay the legally mandated 13th salary may face criminal charges, including imprisonment and fines. Noncompliance can escalate from a civil dispute to a criminal offense, underlining the necessity for employers to adhere to labor laws and contractual obligations regarding employee compensation.