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Waves pensions right, Cyprus

After the President Mr. Nikos Anastasiades, Foreign minister waives pension right.

Foreign Minister Ioannis Kasoulides said on Thursday he has waived his right to a pension for as long as he was minister, following the example of the island’s top officials. Ιs another step to demonstrate our moral and dignity. In a written statement, Kasoulides said he was waiving his right to a ministerial pension and that of an MP for as long as he held the foreign ministry portfolio.

Kasoulides follows President Nicos Anastasiades and House President Yiannakis Omirou, who announced on Wednesday they would be waiving their entitlement to an MP’s pension.

It came shortly after a media report that 126 currently serving officials will start receiving, in addition to their salary, pension payouts for posts previously held in the state sector.

126 currently serving state officials will as of this month start receiving pension cheques for posts previously held in the public sector. The extra cost of these pension payouts is estimated at around €2 million a year. Amount assessed that must be reduced.

The payouts are starting now because the Treasury has just finished tracking down all the officials entitled to the perk. The pensions will include back payments going back to October last year when the Supreme Court ruled that state officials called out of retirement to serve in a different position should get both their salary and their pension from the previous post.

It is very good moral example. Ηopefully this initiave be followed by other politicians, as Europe shaken by the crisis...

Sk Webline Ltd