How is the old-age pension calculated in Cyprus?

Each year your insurable earnings convert into insurance points: earnings ÷ basic insurable earnings (€11,484 for 2026, capped at 6 points — ceiling €68,904). The pension has two parts: the basic (60% of your average basic points from age 16 to retirement — full rate €529.82/month in 2026, increased to 80/90/100% with dependants) and the supplementary (1.5% × total supplementary points × the basic insurable earnings, roughly €13.25 per point per month). Pensions are paid 13 times a year.

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.

How many years of contributions do I need for a Cyprus pension?

You need at least 780 weeks (15 years) of paid contributions with at least 15 paid basic-insurance points, and total points of at least 30% of the years since you turned 16. With less, you may be entitled to an old-age lump sum instead, or to the social pension (€429.15/month in 2026) at 65 with 20 years' residence in Cyprus.

How much pension will you get?

Estimate your Cyprus statutory (Social Insurance) old-age pension under the 2026 figures — net of GESY and income tax. Everything runs on your device; your inputs are kept temporarily in your browser only and vanish when the tab closes.

YEAR OF BIRTH

WORKING SINCE (YEAR)

The year you first paid contributions.

STATUS TODAY

GROSS ANNUAL INCOME TODAY

€

≈ €2.000/month. Your insurable income — this is what buys the points.

HOW YOUR INCOME EVOLVES

“Steady” means it tracks the economy's average wage — your points stay the same each year. The most common safe assumption.

SCALE PATH

Ready paths: A2–A5–A7 (clerical), A8–A10–A11 (graduates), A9–A11–A12 (professional) — or compose your own: each line is a scale and how many years you stay on it. The REAL salary steps from the official payroll data (data.gov.cy) are used: one increment per year, promotion continues at the next-higher step — never a pay cut. On the final scale you climb to its top and stay there. For appointments after 1/1/2012, the first two years of service are automatically paid at the reduced entry scale, after which you are placed at the 1η βαθμίδα (Budget Law art. 11).

SCALE
YEARS

2007–2016

2017–2022

to the end

2023–2049

After the steps, the remaining 27 years stay at the top of the final scale.

Police, Army, Education and semi-government bodies have their own tables — if the A-scales don't fit, use “Custom” with your own payslip figures.

YEARS OUT OF WORK (TOTAL)

Studies, unemployment, abroad, caring — years without Cyprus contributions.

DEPENDANTS AT RETIREMENT

A spouse without their own pension/income, or minor children then. They raise the basic pension to 80/90/100%.

CLAIM AGE

Statutory age: 65. At 63–64 a permanent −0.5%/month (up to −12%) applies, plus a 70% density condition. Deferral to 68 adds +0.5%/month.

YOUR ESTIMATE · 2050

You meet the conditions: 2.236 weeks of insurance, 43 paid points.

Net pension / month

€1.057.15gross €1.085.93×13 payments/yr

Basic pension

Average basic points 0.88 · rate 60%

€464.94

Supplementary

46.9 points × €13.25/point

€620.99

Gross / year

13 payments — the 13th every December

€14.117.09

GESY

2.65% — deductible from taxable income

−€374.10

Income tax

Taxable €13.742.99 · €22,000 tax-free (2026)

−€0.00

Net / year

€13.742.99

Net / month

€1.057.15

WHICH AGE PAYS?

Net monthly pension by claim age — the reduction/increase is permanent, for the life of the pension.

COMPARED TO TODAY

Net today €1.771.00/month → pension €1.057.15/month = 65% of your current income.

If that percentage scares you, you're not alone — that's what provident funds and private pensions are for. Discuss it with a professional.

ASSUMPTIONS & LIMITS

Everything in today's euros under 2026 rules — basic insurable earnings €11,484/yr (ceiling €68,904 = 6 points), full basic pension €529.82/month, supplementary point worth ≈ €13.25/month.

Full contribution years assumed (52 weeks per working year). Credited periods (studies, army, unemployment), buy-backs and EU years abroad are not modelled.

The pension reform under discussion (vote ~late 2026, effect 2027) will change parameters — they'll be updated here once law.

Statutory pension only: no occupational/provident funds, no government occupational scheme, no foreign pensions.

Government scales: the real Α1–Α16 salary steps from the official open payroll data (13-salary gross annual, incl. COLA); the reduced entry scale is applied automatically to the first two years of service for post-1/1/2012 appointments (scales without a published reduction use the 1η βαθμίδα). Police, Army, Education and semi-government bodies have their own tables — use “Custom”.

Your inputs stay temporarily in your browser only (until the tab closes) — nothing is sent anywhere.

For the official calculation from your real record: Provisional pension calculation (gov.cy) · Social Insurance Services

An estimate under current legislation and 2026 amounts — not an official calculation and not advice. Your pension is determined solely by your official insurance record at the SIS. Verify before any retirement decision.

How much pension will you get?

Calculating your pension in Cyprus — what to know

How is the old-age pension calculated in Cyprus?

Can I retire at 63 in Cyprus?

How many years of contributions do I need for a Cyprus pension?