House passes law incentivising early retirement in public sector

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House passes law incentivising early retirement...
 © CyprusMail 2020
The House of Representatives passed a bill on Friday, giving incentives to public-sector employees to apply for early retirement without any reduction in their benefits, negating the January 2013 law forcing them to take a reduction.

The ruling Disy-backed bill was passed by 32 MPs, and applicants who qualify will have the ability to apply for early retirement within 45 days of the day the bill comes into effect.

In a report from the house finance committee about the specific bill, an expert found up to 4,088 employees meet the early retirement...


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This article was automatically added to our system 21-2-2020

House passes law incentivising early retirement in public sector


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Article Tags: house, passes, incentivising, early, retirement, public, sector,