EKYSY expresses dissatisfaction over proposed pension reforms in Cyprus

The Cyprus Pensioners Union (EKYSY) and the PEO trade union have voiced strong dissatisfaction regarding the current trajectory of government pension reforms. Following a meeting of the EKYSY Central Secretariat on October 13, 2026, the organization stated that government proposals fail to address the critical needs of retirees, specifically regarding low pension levels and the 12% actuarial penalty applied to those retiring at age 63.

EKYSY highlighted that the rising cost of living, including increases in electricity, fuel, housing, and pharmaceutical costs, has significantly eroded the purchasing power of pensioners. The organization is calling for a revision of the poverty threshold to better reflect current socioeconomic conditions, arguing that current government support measures are insufficient. They explicitly criticized the government's intent to maintain the 12% pension reduction, describing it as unacceptable and harmful to both current and future retirees.

The union continues to demand more substantial interventions to strengthen income and protect the elderly from poverty. As of mid-October 2026, the distance between the government's reform proposals and the demands of the labor unions remains significant, suggesting continued friction in the negotiation process for upcoming legislative changes.