Legislation to bring to an end the practice of paying multiple pensions to government officials is to be brought before a plenary session of parliament “in the next few weeks”, House finance committee chairwoman and Diko MP Christiana Erotokritou said on Sunday. At present, high-level government positions come equipped with their own lifetime guaranteed pensions, […]
Cyprus' parliament is set to consider legislation in the coming weeks to end the practice of government officials receiving multiple pensions. The government's bill proposes a one-time lump sum payment for future officials instead of multiple pensions, but faces scrutiny and debate over its constitutionality and fairness. Several parties have proposed alternative solutions, including suspending pension payments during an individual's term in office and taxing high-value pensions.
