State shelves plan to cut high pensions after union backlash

Cyprus’s Labour Minister has said a proposal to cut Social Insurance Fund pensions above €1,700 should be dropped, after the idea drew strong opposition from trade unions, social partners and the public. The proposal had involved reducing pensions by 2–5% for 5–10% of pensioners, apparently intended to fund increases for low pensioners. Labour Minister Marinos […]

By Angelos Angelodimou