Parties submit proposals for renouncement of multiple pensions
Government officials in Cyprus may soon be able to renounce their multiple pensions while in office, with a proposal submitted by Disy and Diko. The renouncement must be made within 15 days of assuming duties and can be revoked at any time. The government’s proposal includes replacing extra pensions with a lump sum payment. The audit service criticized the government’s proposal, claiming they do not wish to solve the problem. The constitution plays a significant role in discussions about multiple pensions in Cyprus.