Social Security Cyprus is a national insurance system that provides benefits and services to citizens and residents of Cyprus, including pensions, healthcare, disability allowances, and other forms of social assistance.
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Social Security Cyprus is the national insurance system that provides a wide range of benefits and services to citizens and residents of Cyprus. This system is operated by the government’s Ministry of Labour, Welfare and Social Insurance and is partly funded through social insurance contributions from individuals and employers.
One of the main benefits of Social Security Cyprus is pensions. The system provides a basic retirement pension to eligible individuals who have reached retirement age, as well as additional pensions based on years of contributions and other factors. Social Security Cyprus also offers disability allowances and benefits, healthcare coverage, and other forms of social assistance to those in need.
According to the World Bank, Cyprus ranks relatively high in terms of the effectiveness and efficiency of its social security system. The system has been praised for its comprehensive coverage, ease of access, and relatively low levels of administrative costs.
In terms of notable facts about Social Security Cyprus, it’s worth noting that the system has undergone several reforms over the years in order to adapt to changing economic and demographic trends. For example, in the wake of the 2008 financial crisis, the government implemented a series of measures to strengthen the system’s financial stability and sustainability.
Overall, Social Security Cyprus plays a critical role in ensuring the welfare and wellbeing of its citizens and residents. As Franklin D. Roosevelt once said, “Social security, to me, is the cornerstone of modern American freedom.” The same could be said of Cyprus and its commitment to providing social security to its people.
Table: Key Benefits of Social Security Cyprus
| Benefit | Description |
|---|---|
| Pensions | Basic retirement pension and additional pensions based on contributions. |
| Disability allowances | Benefits for those who are unable to work due to physical or mental disabilities. |
| Healthcare coverage | Access to medical care and services. |
| Social assistance | Additional benefits and services for individuals and families in need. |
Related video
In the video “Cyprus Social Security Contributions”, the breakdown of contributions is explained, with a distinction between employee and employer contributions. Employers also contribute to additional funds, including the cohesion fund, redundancy fund, and industrial training, which are utilized to provide benefits such as vacations and training for the workforce, offering support beyond traditional social security benefits. Overall, the system allows for greater support for workers and the economy.
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The Social Insurance Scheme covers every person gainfully occupied in Cyprus, either as an employed or as a self-employed person, persons called up for military …Your social security rights in Cyprus – European Commissioneuropa.euec.europa….europa.euec.europa….PDFThe scheme provides for various benefits including maternity grant, maternity allowance, sickness benefit, unemployment benefit, orphan’s benefit, old age …Apply for a Social Insurance Number – EURES CyprusEURES CyprusEURES CyprusEURES CyprusEURES CyprusAbout featured snippets•Feedback.pkWBse{box-shadow:0 2px 10px 0 rgba(0,0,0,0.2)}.pkWBse{border-radius:8px}sentinel{}.PBn44e{border-radius:8px}.yTik0{border:none;display:block;outline:none}.wplJBd{white-space:nowrap}.JM22S::-webkit-scrollbar{width:8px}.JM22S::-webkit-scrollbar-thumb{background-color:#bababa;border-right:4px solid #fff}.iQXTJe{padding:5px 0}sentinel{}.Zt0a5e.LGiluc{border-top-color:#dadce0}.Zt0a5e.LGiluc,.Zt0a5e.EpPYLd[disabled]{color:rgba(0,0,0,0.26)!important}.CjiZvb,.GZnQqe.EpPYLd:active{background-color:rgba(0,0,0,0.1)}sentinel{}.Wt5Tfe{padding-left:0px;padding-right:0px}.cUnQKe{margin-bottom:44px;position:relative}.cUnQKe.wHYlTd{line-height:20px}.eJH8qe.eJH8qe{padding:0 0 8px}.adDDi{display:flex;position:relative;flex-wrap:wrap;padding:0 16px 12px}.T6zPgb{min-width:0}.mgAbYb{display:block;white-space:nowrap}.YR2tRd{position:relative;align-self:center;height:20px}.tYAdEe,.vT5nhd{left:0;right:0}.uKh9yc{padding:9px}.ouy7Mc{padding-left:16px;padding-right:16px}sentinel{}.s8bAkb{padding-bottom:0px;padding-top:0px}sentinel{}.VCOFK{margin-left:8px;margin-right:8px}sentinel{}.gduDCb{margin-left:12px}sentinel{}.rNSxBe{padding-bottom:20px}sentinel{}.eY4mx{padding-left:12px}sentinel{}.dG2XIf.cUnQKe .related-question-pair .wDYxhc:not(.NFQFxe),.cUnQKe .related-question-pair .g{padding-left:0px;padding-right:0px}.wQiwMc .g{margin-bottom:4px;clear:both}.CSkcDe,.related-question-pair div.iDjcJe{color:#202124;font-family:Google Sans,Roboto,arial,sans-serif;font-size:16px;font-weight:400;line-height:24px}.ilulF.ilulF:not(.XBlWIe) .JCzEY,.ilulF .WltAjf{-webkit-line-clamp:unset}.oST1qe .JCzEY{color:#202124}.g7pt6d .JCzEY{font-family:Roboto,arial,sans-serif;font-size:16px;}.aj35ze{background-image:url(‘data:image/svg+xml,\00003csvg focusable=”false” xmlns=”http://www.w3.org/2000/svg” viewBox=”0 0 24 24″>\00003cpath fill=”%2370757a” d=”M16.59 8.59L12 13.17 7.41 8.59 6 10l6 6 6-6z”>\00003c/path>\00003c/svg>’);display:inline-block;height:24px;width:24px}.XBlWIe .aj35ze{background-image:url(‘data:image/svg+xml,\00003csvg focusable=”false” xmlns=”http://www.w3.org/2000/svg” viewBox=”0 0 24 24″>\00003cpath fill=”%23747878″ d=”M16.59 8.59L12 13.17 7.41 8.59 6 10l6 6 6-6z”>\00003c/path>\00003c/svg>’);}.h373nd{overflow:hidden;position:relative}.dnXCYb{align-items:center;box-sizing:border-box;display:flex;max-height:none;position:relative;width:100%;cursor:pointer}html:not(.zAoYTe) .dnXCYb{outline:0}.JlqpRe{flex:1;margin:12px 0;overflow:hidden}.JCzEY{color:#4d5156;}.ru2Kjc{display:none}.L3Ezfd{position:absolute;height:100%;width:100%;left:0;top:0}.JCzEY,.WltAjf{display:-webkit-box;-webkit-box-orient:vertical;overflow:hidden}.JCzEY{-webkit-line-clamp:2}.iRPzcb{border-bottom:1px solid #dadce0}.rsGxI.Ww4FFb,.Ww4FFb{background-color:#fff;border-size:0px;border-radius:0px;box-shadow:0px}.Ww4FFb .mnr-c,.mnr-c .Ww4FFb,.Ww4FFb .Ww4FFb{box-shadow:none;margin-bottom:0px}.vt6azd{margin:0px 0px 8px;margin:0px 0px 30px;}#res .Jb0Zif .qDOt0b h3,.IVvPP .qDOt0b h3{font-size:16px;line-height:1.375}.Jb0Zif .qDOt0b .iUh30,.IVvPP .qDOt0b .iUh30{font-size:14px;line-height:1.58}.cUnQKe .ILfuVd,.cUnQKe .UiGGAb.ILfuVd{color:#4d5156;font-family:Google Sans,Roboto,arial,sans-serif;font-size:16px;line-height:24px}.cUnQKe .ILfuVd b{background-color:rgba(80, 151, 255, 0.18);color:#040c28;font-weight:500;}@media (forced-colors:active){.cUnQKe .ILfuVd b{background-color:Mark;color:MarkText}}.ob9lvb{color:#4d5156}.dyjrff{color:#4d5156}.XVdSCb{height:16px}.tF2Cxc.asEBEc{margin-bottom:30px}.kvH3mc{position:relative}.UK95Uc{contain:layout paint;overflow:hidden;}.Z26q7c{display:block;flex:0 0 auto}.yXK7lf em{color:#5f6368}.yXK7lf a:visited em,.yXK7lf a em{color:inherit}.MUxGbd{padding-top:0px;margin-bottom:0px}.lyLwlc{color:#202124}.yDYNvb.lyLwlc{color:#4d5156}.yDYNvb.lyLwlc b{color:#5f6368}.lEBKkf{display:-webkit-box;-webkit-box-orient:vertical;overflow:hidden}People also askYou will see more English now.What is social security in Cyprus?How much is social security in Cyprus?What benefits can I claim in Cyprus?How does social insurance work in Cyprus?FeedbackEurope, 2018 – CyprusSocial Security Administration (.gov)https://www.ssa.gov › policy › docs › progdesc › ssptwSocial Security Administration (.gov)https://www.ssa.gov › policy › docs › progdesc › ssptwSocial insurance: 7.8% of covered earnings; for the voluntarily insured, 13% of declared income in Cyprus and 15.6% of covered earnings abroad.Your social security rights in Cyprus – European Commissioneuropa.euhttps://ec.europa.eu › social › BlobServleteuropa.euhttps://ec.europa.eu › social › BlobServletPDFWomen who have given birth and have resided in Cyprus for the last 12 consecutive months are entitled to the special childbirth grant (a lump sum of €573.96 …(function(){var uer=false;var eid=’fld_1′;(function(){var a=google.c.wh0,b=google.c.whu;var c=uer,d=Date.now(),e=google.c.sxs?”load2″:”load”;if(google.timers&&google.timers[e].t){var f=0;if(eid){var g=document.getElementById(eid);g&&(f=Math.floor(g.getBoundingClientRect().top+window.pageYOffset))}b&&!google.c.wh&&(google.c.wh=Math.floor(window.innerHeight||document.documentElement.clientHeight));var h=google.c.wh,k;k=a&&!h?!1:f>=h;for(var l=document.getElementsByTagName(“img”),m=0,n=void 0;n=l[m++];)google.c.setup(n,!1,f);k&&google.c.ubr(!1,d,f,!c)};}).call(this);})();.ULSxyf{margin-bottom:44px}.hlcw0c{margin-bottom:44px}.RTaUke{display:none;opacity:0}.xvfwl{margin-top:4px}.csDOgf.I5pXif{position:absolute}.csDOgf.Pyz0Gd{margin-top:2px}.wuQ4Ob{color:#70757a}.WZ8Tjf{color:#70757a;}.d4rhi .LC20lb{margin-bottom:0px}.FxLDp{box-sizing:border-box;display:flex;flex-direction:column;list-style-type:none;margin:0;padding:18px 0 0 16px;width:100%;padding-left:18px}.MYVUIe{margin-bottom:18px;display:flex}.MYVUIe:last-child{margin-bottom:0}.XN9cAe{flex:1;box-sizing:border-box}.wFMWsc{padding-left:15px}.wFMWsc.JCsJK{padding-left:0}.rEYMH{}.WGKbId.WGKbId{font-weight:400}.IThcWe{display:table;table-layout:fixed;white-space:normal;line-height:1.58;width:100%}.YgpRwf{display:table-row;vertical-align:top;white-space:nowrap}.wFMWsc{display:table-cell;vertical-align:bottom}.oIk2Cb{margin:0}.y6Uyqe{margin-left:-8px;margin-right:-8px;padding:6px 0 0 0}.kfsfbe.kfsfbe{padding:0 0 8px}.EIaa9b{display:flex}.AJLUJb{display:flex;flex:1;flex-direction:column}.R0xfCb{margin-bottom:4px;margin-top:4px}.k8XOCe{align-items:center;background-color:#f1f3f4;border-radius:100px;box-sizing:border-box;display:flex;max-height:none;min-height:48px;padding-left:17px;padding-right:17px;position:relative}.k8XOCe:hover,.k8XOCe:active{color:#202124}.s75CSd{-webkit-box-orient:vertical;color:#202124;display:-webkit-box;flex:1;font-size:16px;-webkit-line-clamp:2;max-width:227px;overflow-wrap:break-word;overflow:hidden}.unhzXb{border-radius:4px}.aXBZVd{background-image:url(“data:image/svg+xml,%3Csvg xmlns=’http://www.w3.org/2000/svg’ width=’24’ height=’24’ viewBox=’0 0 24 24’%3E%3Cpath fill=’rgba(0,0,0,.54)’ d=’M20.49 19l-5.73-5.73C15.53 12.2 16 10.91 16 9.5 16 5.91 13.09 3 9.5 3S3 5.91 3 9.5 5.91 16 9.5 16c1.41 0 2.7-.47 3.77-1.24L19 20.49 20.49 19zM5 9.5C5 7.01 7.01 5 9.5 5S14 7.01 14 9.5 11.99 14 9.5 14 5 11.99 5 9.5z’/%3E%3C/svg%3E”);background-position:center;background-repeat:no-repeat;background-size:20px;height:20px;padding:10px;width:20px}.u60jwe{margin-right:0px}.r2fjmd{margin-bottom:0px;margin-top:0px}sentinel{}.z1asCe.kQdGHd,.WqQeqc.kQdGHd{position:absolute}.WZH4jc{text-align:center}.WZH4jc .VknLRd{pointer-events:none}.WZH4jc .VknLRd:hover,.WZH4jc .VknLRd:hover h3{text-decoration:none}.WZH4jc .GNJvt{background:#f1f3f4;border:1px solid rgba(255,255,255,0);box-sizing:border-box;cursor:pointer;font-size:14px;line-height:20px;pointer-events:auto;position:relative;width:300px;padding:7px 11px;margin:0;flex-direction:row-reverse;align-items:center;display:flex;justify-content:center;margin-left:auto;margin-right:auto;height:36px;border-radius:18px}.WZH4jc .VknLRd:hover .GNJvt{background:#D8D7DC}.WZH4jc .kQdGHd{position:relative;left:0}.WZH4jc .OTvAmd{display:block}.WZH4jc .RVQdVd{line-height:20px;margin-right:8px}.KXbwLb{background-color:#dadce0;border:0;height:1px;left:0;margin-top:18px;position:absolute;width:100%}.QjmzCd{text-align:center;margin:25px 0;height:30px}.w7LJsc{height:45px;margin-bottom:28px}.GNJvt{display:block;background-color:#f1f3f4;text-align:center;font-size:14px;color:#202124;border-radius:20px;height:24px;line-height:24px;border:1px solid rgba(255,255,255,0);padding:8px 13px;margin:16px 16px 40px 16px;}.RVQdVd{line-height:24px}.kQdGHd{color:#70757a;left:13px;position:absolute}.GNJvt:active{background:#e6e6e6}.VknLRd{-webkit-tap-highlight-color:transparent;display:block}.ipz2Oe{position:relative}Cyprus – Individual – Other taxes – Worldwide Tax SummariesPwChttps://taxsummaries.pwc.com › cyprus › other-taxesPwChttps://taxsummaries.pwc.com › cyprus › other-taxesJan 4, 2023 — As of 1 January 2019, the employees’ own contribution to the state-administered social insurance fund is 8.3% of their gross remuneration, with …
Contributory benefits include:
- Cypriot age pension,
- Cypriot invalidity and work related disablement pension,
- Cypriot pensions for survivors and funerals,
- Cypriot widow’s pension,
Every employee in Cyprus is compulsorily insured under the Social Insurance Scheme. The compulsory insurance falls into two categories: employees and self-employed.
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The rate of 8.3% applies for both employee and the employer up to 31 December 2023. Thereafter, the rate will increase every five years by 0.5% until it reaches 10.3% as of 1 January 2039.
- Unemployment Benefit.
- Subsidy of Tuition of Children up to 4 years old Scheme.
- Child benefit and single parent family benefit.
- Maternity Allowance Benefit.
- Apply for a child birth grant.
- Sickness Benefit.
- Apply for a state scholarship for studies.
- Issuance of certificate for single-parent family benefit.
The person you work for is your “employer” and he is responsible for your registration under the SIS. Your employer will take from your gross wages 6,8% and pay it to the Social Insurance Fund.