Multiple Pensions: Bill to Parliament Plenary

The government's bill and 12 law proposals for regulating multiple pensions are headed to Parliament's Plenary on Thursday, July 3. Parliament sent the agenda with the added bill and proposals.

AKEL's law proposal for a unified pension benefits plan was discussed in the finance committee, aiming to regulate distortions and limit multiple pensions. However, concerns were raised about constitutionality and practical implementation.

According to Giorgos Loukaidis, the proposal concerns future officials and provides for setting the retirement age at 65, abolishing multiple pensions, and offsetting up to 50% of the highest pension. The proposed effective date is January 1, 2026.

The Legal Service identified constitutionality issues, as it introduces a new institutional framework under the executive branch's jurisdiction. The Accountant General, Andreas Papakonstantinou, expressed concern about offsetting professional pensions with official pensions.

Onoufrios Koullas raised concerns about suspending a civil servant's pension when taking office. Stavros Papadouris stated that the proposal does not differ much from existing proposals. Christiana Erotokritou mentioned that the issue is at an early stage.

The bill and law proposals were submitted to parliament on June 19. With information from CNA