Voluntary retirement scheme from Kedipes

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Voluntary retirement scheme from Kedipes
 © CyprusMail 2022
State-owned asset management company Kedipes announced a voluntary retirement scheme on Friday in a bid to cut the number of staff.

The scheme will come into force next Thursday and will run for a month.

The VRS provides for maximum tax-free compensation of €180,000 and minimum €35,000, depending on the years of service and revenues.

In addition, staff who opt to leave will continue to collect life insurance benefits equal to 60 gross monthly salaries and will continue to participate in the health and provident funds for two years after departure or until they find employment elsewhere.


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Article automatically added to our system on Friday, September 24, 2021

Voluntary retirement scheme from Kedipes

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Article Tags: #voluntary   #retirement   #scheme   #kedipes  

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