Developments in Pension Reform in Cyprus
November 13, 2026
Philippas Mannaris highlighted the importance of pension reform during the 17th Pension Forum. He emphasized the demographic pressure and the increasing percentage of elderly people expected to reach 75% by 2050. Only 27% of workers in Cyprus participate in professional funds, indicating a gap in pension coverage. Technocrats propose the mandatory nature of Pension Funds to ensure future pensions. Discussions for the reform of the first pillar are scheduled for 2027.