Economy · Cyprus

Pension reform bill to be submitted to parliament on September 20, 2026.

8 sourcesFirst reported 20 days agoUpdated 20 days ago

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The government is set to submit a pension reform bill to the House of Representatives on September 20, 2026.
The reform aims to implement significant changes to the first pillar of the pension system with a target start date of January 1, 2027.
Labor and Social Insurance Minister Marinos Mousiouttas stated the submission will occur regardless of ongoing discussions with social partners.
The proposed reforms may include pension increases of up to 50% from the current amounts.
Details on the specific aspects of the reform were provided by Minister Mousiouttas during a press briefing.

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The Cypriot government is set to submit a long-awaited pension reform bill to the House of Representatives on September 20, 2026. This bill aims to introduce significant changes to the first pillar of the pension system, with the implementation expected by January 1, 2027. Labor and Social Insurance Minister Marinos Mousiouttas emphasized that the bill will proceed regardless of the outcome of discussions with social partners.

Proposed changes include substantial pension increases that may reach up to 50% compared to current levels. Minister Mousiouttas detailed that the reforms are designed to enhance the sustainability and efficiency of the pension system, addressing long-standing concerns among the populace. The measures outline a shift in how pensions are calculated and distributed, although specific details of the changes are still being finalized ahead of the parliamentary submission.

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Pension reform bill to be submitted to parliament on September 20, 2026.

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