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Mousiouttas: Pension Reform Bill by June 2026

Published January 20, 2026, 17:19
Mousiouttas: Pension Reform Bill by June 2026

The Minister of Labour and Social Insurance, Marinos Mousiouttas, announced that the legislation for pension reform is expected to be submitted by June 2026. In his first meeting with the Parliamentary Committee on Labour, the Minister stated that the goal is to increase the coverage of collective agreements to 80% of employees, from the current 40%-45%. The reform will include issues such as the low-pensioner allowance, the investment policy of the Social Insurance Fund and the 12% penalty. The Minister pledged to consult with social partners and to publish the bill for public comment.