Govt rejects prospect of cutting pensions for high earners

The government is against the idea of cutting pensions, even for the highest earners, Labour Minister Marinos Mousiouttas said on Wednesday.

He was speaking after a meeting of government officials and trade union leaders, and said that while an actuarial study into the matter of Cyprus’ pension bill had “given … the option” of reducing pensions by between two and five per cent for the highest five to ten per cent of earners, this is not in the government’s plans.

“Our own view...