Philenews

Political Inaction Undermines Pensions

Published February 26, 2026, 14:14
Political Inaction Undermines Pensions

The discussion surrounding the state of pensions in Cyprus focuses on the impact of inflation, but the author argues that inflation merely highlighted pre-existing problems. These problems stem from years of political choices and omissions, such as inadequate increases and a lack of substantial pension reform. The situation is particularly difficult for low-income pensioners, who face a daily struggle for survival. The author criticizes the system's delayed response and piecemeal correction of problems, citing the example of volunteer female non-commissioned officers of the National Guard who were forced into early retirement due to ambiguous regulations. The lack of political will and the inaction of the relevant Ministries of Defense and Finance exacerbated the problem. The author emphasizes that pensioners do not have the financial capacity to adapt to rising prices or seek supplemental income, making their pension their only source of support. The inadequacy of the pension, whether due to a low base or incorrect decisions, is a systemic problem, not merely circumstantial. In conclusion, the author calls for an honest discussion to resolve the issue, leaving behind convenient headlines and recognizing that pensions are challenged not only by prices but also by the absence of timely and fair decisions. Dignity in old age is a matter of priorities and choices, and the responsibility for solving the problem lies with the state.