Cyprus pension reform avoids cuts but unions raise concerns

Cyprus’s planned pension reform will avoid cuts to pensions, reduce a 12% penalty and grant increases of up to 50%. But several questions remain over its provisions, according to a proposal presented to social partners on Wednesday. Speaking after a Labour Advisory Board meeting, Labour Minister Marinos Moushouttas said all 123,000 current old-age pensioners would […]

By Angelos Angelodimou