Cyprus. Pension reform to bring increases for all retirees, minister says

All pensioners will receive increases under the government’s planned pension reform, with those on lower pensions set to benefit the most, Labour Minister Marinos Mousiouttas said on Sunday. In interviews with newspapers Phileleftheros and Kathimerini, Mousiouttas said the reform – the first major overhaul of the system since 1980 – was intended to create a fairer, more modern and sustainable pension system. Increases will be calculated according to factors including the number of years worked and contributions paid, with proportionally greater...