Cyprus Times

Cyprus Labor Minister Discusses Pension Reform and Minimum Wage with Social Partners

Published January 9, 2026, 19:04
Cyprus Labor Minister Discusses Pension Reform and Minimum Wage with Social Partners

The Minister of Labor, Marinos Mousiouttas, met with social partners in the first session of the Labor Advisory Board. Key discussion topics included pension system reform, the determination of the minimum wage, and the extension of collective bargaining agreements. The Minister emphasized the importance of tripartite cooperation for maintaining labor peace and improving the living standards of workers. Regarding pension reform, Mr. Mousiouttas stated that discussions would continue immediately with the aim of completing the process by 2026 and implementing the reform in 2027. The briefing focused on the progress of the procedures and the need for a common understanding of the proposed changes. Concerning the minimum wage, the process leading to the announcement of the new amount, as well as the opinion of experts and the Council of Ministers, was presented. The discussion focused on the justification for the decision and its impact on the labor market. Additionally, the bill on the adequacy of minimum wages and the decree for third-country students were discussed. The Minister of Labor stated that the Ministry wishes to continue the smooth functioning of the Labor Advisory Board, as an institution that contributes to the resolution of labor issues and the promotion of social justice.