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Cyprus (534) > Old-age, invalidity and survivors benefit (22)

Name: Act No. 25(I) of 17 March 1995 on the Social retirement benefit Act and other relevant matters.
Country: Cyprus
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 1995-03-17
Entry into force:
Published on: Epissimos Ephimerida tis Dimocratias, 1995-03-17, No. 2962, pp. 648-653
ISN: CYP-1995-L-40626
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=40626&p_lang=en
Bibliography: Epissimos Ephimerida tis Dimocratias, 1995-03-17, No. 2962, pp. 648-653
Abstract/Citation: Provides for the requirements allowing to a social pension: age of 68 years old completed; legal residence in Cyprus (20 years completed after applicant's 40th birthday or 35 years after 18th birthday); no right for any other pension or any other similar revenue from any source. Monthly payment of the social pension amounts to 70 percent of the basic pension for old age without dependants. In December, an increase of 1/12 of the total amount for the completed year is paied up to the beneficiary. Prior condition is the beneficiary's application in the 3 months starting from the right's acquisition date.
Amending text(s):

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