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Name: Law N 183(I) of 2015 amending the Law on the Retirement Benefits of Employees in the Broader Public Sector, including the Local Authorities - Provisions of General Implementation, (Amendment N 2).
Country: Cyprus
Subject(s): Old-age, invalidity and survivors benefit; Public and civil servants
Type of legislation: Law, Act
Adopted on: 2015-12-09
Entry into force:
Published on: Epissimi Efimeris, 2015-12-09, Part I(I), N 4543, pp. 1352-1357
ISN: CYP-2015-L-102433
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=102433&p_lang=en
Bibliography: Epissimi Efimeris, 2015-12-09, Part I(I), N 4543, pp. 1352-1357
Text in Greek Text in Greek Tipografio Kipriakis Dimokratias, Nicosia, Cyprus, pp. 1352-1357 PDF of Official Gazette in Greek PDF of Official Gazette in Greek (consulted on 2016-07-30)
Abstract/Citation: The present Law amends the Laws N 216(I) of 2012 and 52(I) of 2015 on the Retirement Benefits of Employees in the Broader Public Sector, including the Local Authorities (Provisions of General Implementation).

Article 2 of the present Law amends article 2, by adding the following new terms and definitions: "judge" and "fix monthly amount".

Article 3 amends article 7, by adding new reservations in subparagraph (i) of paragraph (b) of 1st phrase, concerning the calculation of the monthly gross pension emoluments; in subparagraph (ii) of paragraph (b) of 1st phrase, concerning the binding nature of the pertinent option and in 4th phrase, concerning the calculation of benefits rising from the termination of service for police members.

Article 4 amends 2nd phrase of article 9, by replacing paragraph (a) with new one, concerning the age of the obligatory termination of service of police members and by replacing the age limit, in paragraph (b), from 60 to 58 years old, and in the 2nd reservation of paragraph (b), from 59 to 58 years old.

Article 5 replaces article 10 with new one, concerning the voluntary early termination of service.
Article 6 amends article 11, by amending the 1st phrase with regard to the reference to the pertinent Indexes of the Law, according to the age limit of the obligatory termination of service; by supplementing the 4th phrase, to include the employee who voluntarily relinquishes early or retires from the service, and by deleting phrases 2 and 3.

Article 7 supplements the Law by adding new article 13A, regarding judges challenge.

Article 8 repeals Indexes 1 to 12 and introduces new Indexes 1, 2 and 3, concerning, respectively, the coefficients of conversion of one-off amounts to fix yearly amounts, the voluntary early termination of service and the coefficients of actuarial reduction in the retirement benefits of members whose termination of service takes place before the given age limit of the obligatory termination of service.

Article 9 sets the date into force of the present Law.
Amended text(s):
Related text(s):

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