Labour and Social Insurance Minister Marinos Mousiouttas has said the issue of raising minimum pensions should be kept out of public debate while the government finalises its wider pension reform.
Speaking on CyBC radio’s “Morning Route”, Mousiouttas said the minimum pension would be significantly higher under the reform than it has been in recent decades.
However, he said it could not rise from the current €450 to €1,088, an increase of 125%, as has been proposed.
The minister said any increase must take into account both the sustainability of the Social Insurance Fund and the need to safeguard fiscal stability.
Mousiouttas repeated that, once discussions at the Labour Advisory Body are completed by the end of June, the government intends to submit the bill to Parliament before the summer recess.
The ministry also plans to hold a round of briefings with parliamentary parties and social partners during the summer.
The Labour Ministry’s aim is to finalise the bill and secure parliamentary approval for the pension reform before the end of the year, so that it can come into effect on January 1, 2027.
Source: RIK
