Economy · Cyprus

Retired workers to receive refunds, not back payments

1 sourceFirst reported 17 days agoUpdated 17 days ago

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Thousands of pensioners will receive refunds, specifically targeting working retirees.
The refunds are not categorized as arrears but rather as financial returns applicable only to those currently employed.
Data from June of the previous year indicate a 37% increase in working pensioners within a year.
Further details on the eligibility criteria for these refunds and the process are expected to be released.
The changes aim to provide financial support to a growing demographic of working retirees.

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AI summary: catch up in 20 seconds

Thousands of pensioners will receive refunds, specifically targeting working retirees.
The refunds are not categorized as arrears but rather as financial returns applicable only to those currently employed.
Data from June of the previous year indicate a 37% increase in working pensioners within a year.
Further details on the eligibility criteria for these refunds and the process are expected to be released.
The changes aim to provide financial support to a growing demographic of working retirees.

Generated by AI from the 1 sources below · always verify with the originals