Philenews

The Expected Pension Reform: Time for Accountability

Published January 18, 2026, 10:14
The Expected Pension Reform: Time for Accountability

The article focuses on the upcoming pension reform in Cyprus, characterizing it as a critical social challenge that requires justice and political responsibility. The EKYSY points out that any reform must improve the undignified living conditions of pensioners, many of whom worked hard and contributed to society. Today, over 100,000 pensioners live on incomes insufficient for basic needs, while the poverty lines remain unchanged since 2013. EKYSY denounces the unfair 12% penalty for those who retire at 63 and the inequality in survivor pensions between men and women. Furthermore, it emphasizes that the government has not demonstrated the necessary political will to address the problems, while the state owes over 12 billion euros to the Social Insurance Fund.