State officials will be able to renounce their pensions by law, according to the bill proposal prepared by DIKO and co-signed by DISY.
\nThe bill proposal will be submitted in today\u2019s session of the Parliament Plenary, aiming to address the issue of multiple pensions which has caused public outrage.
\nAccording to the bill proposal, new legislation is introduced, providing the opportunity for an official appointed or elected to a public position or office to submit a declaration renouncing their state pension for the period during which they will serve in that specific position to the relevant Minister.
\nAdditionally, under the bill proposal, the renounced state pension will be transferred to the Fund of the Independent Social Support Body. It\u2019s worth noting that the regulation includes a provision stating that if the official refuses to sign the renunciation declaration or revokes it, then Parliament will be informed.
\nThe proponents estimate that this is a straightforward and constitutional regulation, which immediately resolves the issue of multiple pensions.pensions. pensions, bill proposal, multiple pensions<\/p>\n","protected":false},"excerpt":{"rendered":"
State officials will soon have the option to give up their pensions under a new bill proposal co-signed by two political parties. The proposal aims to address the public outcry over officials receiving multiple pensions. The bill allows officials to renounce their pension for the duration of their service and transfer the funds to a social support body. If an official refuses to renounce their pension, Parliament will be notified. This regulation is seen as a simple and constitutional solution to the issue of multiple pensions.<\/p>\n","protected":false},"author":5,"featured_media":8759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3492,7030,1212,672,2110,5679,2685,148,5295,4593,6121,1799,5344,722,4628,4671,4441,3490,738,1358,114],"class_list":["post-8758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-bill","tag-bill-proposal","tag-diko","tag-disy","tag-funds","tag-law","tag-legislation","tag-local","tag-multiple-pensions","tag-office","tag-opportunity","tag-parliament","tag-pension-reform","tag-pensions","tag-political-parties","tag-proposal","tag-service","tag-social-support","tag-state-pension","tag-support","tag-top-news"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n