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[PIO] Cabinet: With bill in parliament to pay unemployment benefits to former employees of banking institutions

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Statements by the Minister of Labour and Social Insurance

With a bill approved today by the Council of Ministers, the Government is effectively addressing the problem of non-payment of unemployment benefits which, for many months, has affected a large number of workers, many of whom have recently left financial institutions.

In a statement after today's Cabinet meeting, the Minister of Labour and Social Insurance, Mr. Yiannis Panayiotou said that a bill resolving this issue will be submitted to the Parliament tomorrow, with the aim of discussing it in the Parliamentary Labour Committee next Tuesday and its passage by the Plenum before Easter.

Asked about this, Mr. Panagiotou said that the bill provides that affected workers will be entitled to receive unemployment benefits with a retroactivity of a few months and a defined transitional period, so that it will have a limited duration, while subsequently the provision of the legislation will be reinstated on the basis of its interpretation through the case law of the Court in the previous months, and through an opinion of the Legal Service. Therefore, he concluded, it will not be a regulation which will be permanently in force, but will restore the problematic situation which currently exists for a significant number of workers.

(MP/MG)
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