Tag: social insurance

Reform: 50% increase in low pensions and cut to 12% penalty

Cyprus August 19, 2026 at 15:25

Cyprus’ pension reform includes increases of up to 50% in the minimum pension, alongside a reduction in the 12% actuarial penalty for retirement at...

Cyprus unveils biggest pension reform since 1980

Cyprus August 19, 2026 at 14:43

President Nikos Christodoulides has presented what he described as the country’s biggest and most substantial pension reform since 1980, placing higher pensions, support for...

Cyprus pension increase of 1.46% expected in July

Cyprus July 9, 2026 at 15:57

A 1.46% pensions increase is expected to be granted from 1 July, according to calculations by the Union of Cypriot Pensioners (EKYSY), based on...

Questions raised over Social Insurance Fund plans

Economy May 22, 2026 at 11:29

Cyprus’ plans to transform the Social Insurance Fund into a major investment fund through the management of its surpluses have raised concerns over institutional...

€28.5k fines imposed over undeclared employment in March

Cyprus May 15, 2026 at 12:17

The Cyprus Labour Inspection Service carried out 227 inspections in March across cleaning, security companies, offices and other services, identifying 12 cases of undeclared...

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