Pension Increases Effective from January 2025
January 3, 2025
The Minister of Labor has announced pension increases that will take effect in January 2025. The basic pension will rise from €483.77 to €512.50, while the minimum pension will increase from €411.20 to €435.62. This is the largest increase since 1996, reflecting the positive trajectory of the Cypriot economy. These increases aim to improve citizens' daily lives and strengthen pension adequacy.