Insider Economy Public servants in Cyprus vote down early retirement scheme

Public servants in Cyprus vote down early retirement scheme

Public servants in Cyprus are unwilling to retire early considering that out of 4,088 eligible candidates of a proposed scheme only 450 are actually leaving on Monday – the last day of the month.

That is, only one out of 10 and this is puzzling since those leaving early will be also spared a 12% deduction on pension benefits that normally applies for services rendered since January 2013.

This is what Philenews reported on Friday, adding that most of those who said yes are Primary and Secondary Education teachers. Specifically, a total of 200 teachers benefited from the early retirement plan.

In addition, 150 employees from the Public Service and 70 persons from the Police, the Fire Service and the National Guard are also leaving, according to insiders.

And 30 to 40 people will leave from the broader public sector.

Eligible individuals employed by the central government or the broader public sector who could opt for the plan had to have five more years to go until their mandatory retirement age.

Or those who would have completed 400 months of pensionable service by August 31 of this year.

Out of the total of 4,088 potential candidates, 985 were secondary education teachers, 190 primary teachers and 2,913 civil servants and individuals employed in the public sector.


Top Stories

369 new cases through PCR tests, two deaths announced on Saturday

The Health Ministry announced the death of two persons due to COVID-19. Specifically, a woman 82 with underlying conditions, who had been treated at...

38-year-old arrested for sending videos of minor’s sexual abuse

The Police’s Office for Combating Cybercrime arrested a 38-year-old on the basis of an arrest warrant within the framework of investigating a case of...

Final phase of MEDUSA Multinational Exercise concluded

The final phase of the multinational aeronautical exercise "MEDUSA-10/20", which took place in the sea northwest of the city of Alexandria in Egypt, was...

PM Johnson and EU chief seek to break Brexit impasse

British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to try to break an impasse in...

Moscow rolls out Sputnik V COVID-19 vaccine to most exposed groups

Moscow began distributing the Sputnik V COVID-19 shot via 70 clinics on Saturday to the most exposed groups, marking Russia's first large-scale vaccination against...


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...


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...