New pension system to take effect from next year, says Mousiouttas

The government is aiming for a comprehensive reform of the pensions system to come into force by January of next year, labour minister Marinos Moushiouttas announced on Thursday.

Speaking on CyBC radio from Brussels, Mousiouttas said the reform would unify the pension and the so-called small cheques paid to low-income pensioners into one cohesive legislation.

“The effort is to complete the bill by June, so that with the opening of the new parliament after the parliamentary elections...