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| Name: | Law N° 168(I) of 2012 concerning the reduction in emoluments and pensions of Officials, Employees and Pensioners of the Public Service and of the broader Public Sector. |
| Country: | Cyprus |
| Subject(s): | Old-age, invalidity and survivors benefit; Public and civil servants |
| Type of legislation: | Law, Act |
| Adopted on: | 2012-12-06 |
| Entry into force: | |
| Published on: | Epissimi Efimeris , 2012-12-06, Part I(I), N° 4369, pp. 1813-1816 |
| ISN: | CYP-2012-L-100077 |
| Link: | https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=100077&p_lang=en |
| Bibliography: | Epissimi Efimeris , 2012-12-06, Part I(I), N° 4369, pp. 1813-1816 Text in Greek  Tipografio Kipriakis Dimokratias, Nicosia, Cyprus, pp. 1813-1816 PDF of Official Gazette in Greek (consulted on 2015-10-06) |
| Abstract/Citation: | Article 2 of the present Law provides for the definition of the following terms: "Official", "Emoluments", "Republic", "Public Service", "Broader Public Sector", "Employee", "State Service", "Pension", "Pensioner", "Servant" and "Worker employed on an hourly-basis". Article 3 introduces and frames the reduction in emoluments of Officials and Employees and in pensions of Pensioners. Article 4 determines the calculation of pension benefits. Article 5 regulates the calculation of compensation and other fringe benefits assessed on the basis of the pay scale or the permanent salaries. Article 6 decides upon the amount resulting from the reduction in emoluments and pensions effected within the Public Service and the broader Public Sector. Article 7 exempts the reduced amount of emoluments and pensions from the taxable income. Article 8 regulates the resolution of issues stemming from the implementation of the present Law. Article 9, concerning the Law¿s entry into force, specifies that paras (a) and (b) of article 3 are applicable upon the emoluments of December 2012 onwards, including the 13th wage of 2012, whereas para (c) of article 3 is applicable upon the emoluments of January 2014 onwards. |
| Amending text(s): |