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Economy · Cyprus
New criteria will regulate 12% pension reduction for early retirement
2 sourcesFirst reported 15 days agoUpdated 15 days ago
Center 50%
Right 50%
1 center1 right-leaning
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What all sources covered
- The Minister of Labor and Social Affairs has identified the increase of pensions, particularly for lower-income individuals, as a top priority.
- New criteria will be established to regulate the 12% penalty reduction for pensions of those choosing early retirement at age 63.
- The adjustments are part of an upcoming pension reform aimed at improving the social security system.
- The implementation of a social card will also be ensured as part of the reform efforts.
- Overall, the proposed changes aim to make pensions more equitable and accessible.
2 sources
Who reported first
Omega TV (Omegalive)First
Sigmalive+7m
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