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CYP-2015-L-102433
Breadcrumb
Title_of_text
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).
Main Region
First Region
Country(ies)
Cyprus
Subjects (Classification)
Old-age, invalidity and survivors benefit; Public and civil servants
Adopted on (Date of text)
2015-12-09
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
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.
Entry dates region
Date of entry into force
2013-01-01
--
Partial entry dates region
Date of partial entry into force
2015-12-09
Article 6, paragraph (a) and article 8
Date of partial entry into force
2015-04-17
Article 4, paragraph (a)
Amended Text region
Amended text(s)
2012-12-28 (CYP-2012-L-100106)
Law N° 216(I) of 2012 concerning the Retirement Benefits of Employees in the Broader Public Sector, including the Local Authorities (Provisions of General Implementation).
Amended text(s)
2015-04-17 (CYP-2015-L-102330)
Law N° 52(I) of 2015 amending the Law N° 216(I) of 2012 on the Retirement Benefits of Employees in the Broader Public Sector, including the Local Authorities - Provisions of General Implementation, (Amendment).
Related Text region
Related text(s)
1997-12-19 (CYP-1997-L-49180)
Act No 97(I) of 1997 to amend and consolidate Acts related to retirement pensions (Ch. 311), Act related to the Teaching personnel's pensions and Act concerning Primary Education (Parts V, VA and VB).
Related text(s)
1999-06-25 (CYP-1999-L-54177)
Law No. 77(I) of 25 June 1999 to amend the Retirement Law of 1997.
Related text(s)
2010-04-30 (CYP-2010-L-86470)
Law No. 37(I) of 2010 amending the Law on Retirement Pensions.
Related text(s)
2012-04-06 (CYP-2012-L-100016)
Law N° 31(I) of 2012 amending the Law on Retirement Pensions.
Related text(s)
2012-08-14 (CYP-2012-L-100075)
Law N° 131(I) of 2012 amending the Law on Retirement Pensions (Amendment N°2).
Electronic region
Electronic source title
Text in Greek
Publisher
Tipografio Kipriakis Dimokratias
Place of publication
Nicosia
Country
Cyprus
URL
http://www.mof.gov.cy/mof/gpo/gpo.nsf/dmlindex_gr/dmlindex_gr?OpenDocument
Page range
pp. 1352-1357
File
CYP102433 Grk.pdf (PDF of Official Gazette in Greek)
Serial region
Serial title
Epissimi Efimeris
Date
2015-12-09
Volume
Part I(I)
Number
N° 4543
Page range
pp. 1352-1357