Talks on second pillar of pension reform to begin October 6

Nicosia, Cyprus. Technical committee discussions on the second pillar of pension reform will begin on October 6, Labour Minister Marinos Mousiouttas said on Monday. The committee will meet every Tuesday before the issue moves to the Labour Advisory Body.

Talks and legislation

Speaking at the opening of a Labour Advisory Body meeting, Mousiouttas said the body would continue meeting every Monday and Thursday. The aim, he said, was to make enough progress on the second pillar to reach a framework agreement that could be presented to parliament.

Asked by Peo general secretary Sotiroulla Charalambous when the pension reform bill would be submitted, Mousiouttas said it would be tabled within days. He said discussions could continue after its submission and that any necessary changes could still be made.

Second-pillar framework

Mousiouttas clarified that no separate bill on the second pillar would be submitted at this stage. Instead, social partners would seek to agree on a roadmap framework setting out the basic principles for its introduction.

Sek general secretary Andreas Matsas questioned why legislation on the second pillar would not be submitted, saying the understanding had been that it would not be implemented at the same time as the rest of the pension reform.