None
CY
Doubts raised over pension reform bills being ready next month
[]
Cyprus Mail
A major trade union on Tuesday poured cold water on the idea that pension reform legislation could be tabled to parliament in September, also expressing concerns over the government’s dual-track approach.
Head of SEK, Andreas Matsas said they have yet to receive from the government the draft bill governing the so-called ‘first pillar’ of pension reform.
Meanwhile the government is keen to drive through the legislation quickly, so that certain aspects of pension reform can be implemented as of January 2027.
But other than timing considerations, trade unions are wary of the government’s approach of slicing up pension reform into two tracks.
What SEK wants is for the second pillar to be agreed from now – even if in practice it’s implemented subsequent to the first pillar.