CLOSE
Loading...
12° Nicosia,
02 April, 2025
 
Home  /  Comment  /  Opinion

How state members earn in semi-governmental boards

The fine print on semi-governmental officials' session fees

The monthly income for the president/member of a semi-governmental organization, derived from participating in the organization's sessions, averages around €400 to €500.

Additionally, there is an annual income of approximately €1200 for representation expenses. According to a June 2023 circular from the Ministry of Finance, the remuneration is structured as follows:

- €100 per session for the Administrative Boards of Semi-Governmental Organizations, where the General Manager/Executive President receives a salary equivalent to a Ministry General Manager. For other cases, the remuneration is €70 per session.

- In the case of members originating from the state or broader public sector, remuneration is applicable only for sessions conducted outside regular working hours. Payment for sessions starting within normal working hours is contingent on the session time exceeding the regular working hours.

Concerning subcommittees
It is important to note that the specified remunerations may also be disbursed for subcommittee sessions. With the approval of the relevant Minister, payments can be made for meetings/sessions with Ministers and/or General Managers on matters falling under the jurisdiction of the Administrative Board. Additionally, if a President or Board Member participates in two or more sessions/meetings on the same day, compensation is granted for only one session.

Travel allowance
Presidents and Members of eligible Administrative Boards hailing from cities outside the meeting location receive a travel allowance to cover transportation expenses. The travel allowance is set at €0.1709 per kilometer. For members from the state or broader public sector, a travel allowance is provided based on the regulations applicable in those sectors.

Representation expenses
Presidents of Administrative Boards of Semi-Governmental Organizations receive representation expenses amounting to €1,281.45 annually. These expenses are also extended to Presidents from the state or broader public sector. A person serving as President in two or more Administrative Boards receives representation expenses not exceeding €1,281.45 annually in total. It is worth noting that if a President's term ends before 12 months, they are entitled to a proportional amount of the representation allowance.

Deductions/taxation
Both the session fee and representation expenses are subject to taxation, while the travel allowance undergoes a proportional reduction based on the reduction specified for travel allowances in the public service.

It is emphasized that the remuneration received by both the President and the members of Semi-Governmental Organizations is not audited by the General Accounting Office but by the accountants or the CFO of each organization, based on the organization's budget approved by the Parliament.

[This article was translated from its Greek original]

TAGS
Cyprus  |  salary  |  audit  |  economy  |  government

Opinion: Latest Articles

Screen grab from Instagram post

Wait...what?

Trump, Constantine, and a golden cross, the blessing no one saw coming
Shemaine Bushnell Kyriakides
 |  OPINION
File photo  of Colin Steart, Nicos Christodoulides and Ersin Tatar at the 2024 UN Reception at the Ledra Palace

Slogans are easier than strategy

Slogans Are Easier Than Strategy Subtitle: As yet another round of Cyprus talks looms, familiar rhetoric resurfaces—but ...
George Kakouris
 |  OPINION
A cringe-worthy moment in history

A cringe-worthy moment in history

When diplomacy looks more like a shakedown—what Trump’s treatment of Zelensky reveals about America’s shifting role on the ...
Shemaine Bushnell Kyriakides
 |  OPINION
US President Donald Trump and Ukraine's President Volodymyr Zelensky meet in the Oval Office of the White House © SAUL LOEB / AFP

Thank you, Donald!

How Trump's blunt approach is forcing Europe to rethink its place in the world
Alexis Papachelas
 |  OPINION
This is Cyprus...

This is Cyprus...

Despite years of legislation and promises, loopholes, double standards, and enforcement failures continue to plague sports ...
Opinion
 |  OPINION
X