penalty Archives - Financial Mirror

Early pension penalty slashed for some

The government plans to drastically reduce or waive a 12% penalty on early pensions if the retiree has contributed at least 40 years of work and contributions at 63, up from the

28th October 2023

Cyprus

Government to scrap 12% pension penalty

The Labour Ministry is close to striking a happy balance between labour union demands to scrap the 12% penalty clause imposed on people who retire early at 63 and the state budget.

21st July 2023

Cyprus/Economy

Pledge to tackle 12% early retirement penalty

The government hopes to strike a happy balance between labour union demands to scrap the 12% penalty clause imposed on people who retire early at 63 and the state’s budget. In comments

14th September 2022

Cyprus/Economy

MPs to tackle 12% early retirement penalty

Cyprus MPs will be looking into Opposition demands to scrap the 12% penalty clause imposed on people who retire two years early aged 63, once the summer recess ends on 30 August.

17th August 2022

Cyprus