5 Minute News

Changes to the Pension System: Increases and 15-Year Transitional Period

October 12, 2026

Minister of Labor Marinos Musiouttas announced three significant changes to the pension system. Pension increases will be implemented over three years instead of five, and the transitional period will be extended to 15 years. Additionally, conditions for widow and disability pensions will be improved. The minister emphasized that these changes bring the government and social partners closer together. Ongoing discussions will address other issues still up for debate.