retirement age

Pension Policy Reform for Early Retirees

The new pension policy reform increases payments for early retirees with 40 years of contributions, benefiting over 11,000 pensioners with an average annual increase of €800, without raising current workforce contributions. The government’s initiative aims to mitigate financial challenges faced by retirees who chose to retire early, supporting individuals from physically demanding industries like construction and transport.

Comprehensive Reform Proposed for State Pensions in Cyprus

By Demis Papadopoulos

The proposed pension reform in Cyprus aims to address issues of multiple pensions and set a definitive retirement age for state officials, ensuring equality and constitutional compliance in benefits distribution. Led by notable figures like Demetris Demetriou and Irini Charalambidou, the legislative efforts signal a bold move towards a more equitable approach to state pension distribution.