Economy · Cyprus

Pension reform discussion between Mousiouttas and Phaedon Panagiotou on increases

3 sourcesFirst reported 18 days agoUpdated 18 days ago

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The meeting between Labor Minister Moustouttas and Fedias Panagiotou focused on pension reform and related topics.
Proposals discussed included a pension increase to €1,088 after 25 years of contributions.
The possibility of increasing low pensions by up to 50% was addressed, though not all recipients would see uniform increases.
Strategies for enhancing the sustainability of the Social Insurance Fund were also part of the dialogue.
Next steps include preparing a bill for presentation to the parliament regarding the proposed reforms.

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On July 3, 2026, Labor Minister Moustakas met with Phidias Panayiotou to discuss pension reform, focusing on future increases in retirement benefits and the sustainability of the Social Insurance Fund. The proposed changes include the introduction of a pension amounting to €1,088 for individuals who have made contributions for at least 25 years. This plan aims to enhance support for low-income retirees and ensure more equitable benefit distribution.

During the meeting, Moustakas emphasized that while specific increases could reach up to 50% for some beneficiaries, these adjustments would not be uniformly applied across all pensioners. He indicated that the government is actively working on policy proposals that would address these issues before submitting relevant legislation to the Parliament. The discussions signal a significant step towards addressing the long-standing challenges within the pension system and improving the financial stability of retirees in the country.

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Pension reform discussion between Mousiouttas and Phaedon Panagiotou on increases

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