Insider Economy Cyprus Finance Ministry has many open fronts

Cyprus Finance Ministry has many open fronts

The Ministry of Finance intends to pay contributions revised retrospectively from 2011 to provident funds of new employees to the public service and the wider public sector, Phileleftheros reports.

These employees have not been included in a pension plan since 2011. Based on memorandum bills, newcomers recruited since 2011 are not included in a government pension plan.

A Finance Ministry source said discussions on this with stakeholders were held but not concluded as yet. The source also said the Ministry has expressed readiness to retrospectively pay contributions from 2011.

In addition, the government has plans for a total of 5,000 employees on an indefinite duration contract to become permanent, although the Treasury considers this a legal challenge and will ask an opinion from the Attorney General’s Office.

The same source said the provision which prevents indefinite duration employees from climbing up the scale is wrong and should be corrected. Gradually, the benefits of these employees are getting restored, the source added. State financial analysts believe no additional budgetary costs will be recorded since indefinite duration employees will replace permanent positions in the government.

Relevant proposals have been submitted before Parliament by ruling Disy, centre Diko and the Solidarity Movement which, however, are confronted with constitutional obstacles. The proposals will be discussed again in the presence of the Attorney General before the end of this week.

In addition, Finance Minister Constantinos Petrides is expected to meet with the leadership of the union of public servants (Pasydy) to discuss, among others, the thorny issue of public service reform bills.

Pasydy disagrees with the provision on promotions within a department to be the result of an evaluation at examination centres. Pasydy believes that inter-departmental promotions will deregulate the Public Service and create many problems.

On the other hand, the Treasury does not agree with the removal of this provision since the bills will be weakened. In 2015, Pasydy had agreed to this provision, according to informed sources.

 

Read more:

https://in-cyprus.com/new-positions-galore-in-the-public-sector/

Top Stories

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

Memorial for COVID-19 victims in Washington

Thousands of U.S. flags are seen at the National Mall, as part of a memorial paying tribute to the more than 200,000 people nationwide...

Snow and fog in Troodos, roads open only to 4WD

Police are warning drivers heading to Troodos to be careful because of snow and fog. The Karvounas-Troodos, Platres-Troodos and Prodromos Troodos roads are open only...

Three reasons SMS to 8998 are rejected

According to the Ministry of Research, Innovation and Digital Policy, there are three reasons the system does not approve SMS messages by citizens wishing...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...