Cyprus’ Labour Advisory Body has discussed the investment policy of the Social Insurance Fund — the first pillar of the country’s pension‑system reform — as well as issues concerning provident funds under the second pillar, Labour Minister Marinos Moushiouttas has said.
The minister said the next meeting, on 4 May, will address questions raised by social partners about the first pillar and will include a presentation of the fund’s investment strategy.
He also announced that the government has agreed to end state borrowing from the Social Insurance Fund, which currently stands at €12 billion.