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EKYS: New Monthly Pension Increase for 2026

Published January 16, 2026, 13:15
EKYS: New Monthly Pension Increase for 2026

From January 2026, pensions in Cyprus will increase by 3.38% in their basic component, according to EKYS. The full basic pension will amount to €529.82, the minimum to €450.35, and the social pension to €429.15. This increase is estimated to provide pensioners with an additional €14-€17 per month. Despite the increase, EKYS points out that over 100,000 elderly people in Cyprus still receive pensions between €429 and €1,000, amounts considered insufficient for a decent standard of living, especially in light of the ongoing accuracy. The organization emphasizes that the poverty line should be higher, exceeding €1,000 for a single person and €1,500 for a two-person household, but has remained unchanged since 2013. EKYS calls on the government to take substantial decisions to genuinely support pensioners and increase pensions, ensuring a decent standard of living for all. The organization believes that the upcoming pension reform provides an opportunity to implement such policies. The EKYS announcement comes at a time of growing concern about the economic situation of pensioners in Cyprus and the need for sustainable solutions to ensure their decent living.