PENSIONS
Can I retire at 63 in Cyprus?
Yes, with two conditions: a permanent actuarial reduction of 0,5% for every month before 65 (up to −12% at 63), and an insurance density of at least 70% of your reference years — effectively a near-full career. The statutory age is 65; deferring up to 68 increases the pension by 0,5% per month (+18% at 68). Both adjustments are permanent for the life of the pension.
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Related questions
- How is the old-age pension calculated in Cyprus?
- How are the government lump sum (gratuity) and a Provident Fund calculated in Cyprus?
- How many years of contributions do I need for a Cyprus pension?
Guidance — not tax, pension or investment advice. Figures and rules may contain errors or have changed; confirm with a licensed professional or the competent authority before acting. Figures last verified: July 2026.
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