The Independent Guild of Public Employees of Cyprus (ASDYK), in a statement, welcomes the decision of the Ministry of Finance, for the submission to the Parliament of the draft law on the Professional Pension Benefits Plan for Employees of the State Service and the wider public sector, including Local Government Authorities, which, it says, comes to correct a long-standing injustice against thousands of public servants.
At the same time, however, ASDYK expresses its dismay that its Organization, as well as other Organizations of the state and wider public sector, were excluded from participation in the social consultation at the Ministry of Finance and notes that the responsibility for the marginalization of ASDYK and other Organizations lies first and foremost with the political head of the Ministry of Finance.
It notes that the Organisation became aware of the pension bill when it was tabled before Parliament.
ASDYK calls on the Parliament not to proceed with the passing of the bill before the end of its work for the summer holidays, and to intervene with the Ministry of Finance to ensure that the political boss proceeds with a consultation on the pension bill with the other trade unions in order to ensure the broadest possible consensus.
On the content of the proposed bill, ASDYK has submitted a lengthy memorandum to Parliament and the Ministry of Finance, making its positions known.
ASDYK's position is that, the investment policy of the Special Pension Payment Fund should be documented in a clear manner and demands that the Monitoring Committee be enlarged to include other trade unions and technocrats-accountants with expertise in investment issues. The role of the State as guarantor of the sustainability of this Plan, it notes, should be clearly recorded
The position of the ASDYK is that the compulsory retirement of members of the Police and Fire Brigade at the age of 62 obviously does not take into account the specific working conditions of these groups of employers. For the security forces in particular, it is proposed to revert to the previous model of retirement, i.e. after 29 years + 2 months of service or at the age of 55.
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