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PASYDY, the public sector union, announced its approval of a new agreement with the Ministry of Finance to grant pay raises to civil servants beginning October 1, 2024. The deal was reached during today's Joint Staff Committee meeting.
The agreement includes a 1.5% increase in basic salaries, with a minimum raise of 27.40 euros per month. This raise applies to both permanent and retired employees, as well as fixed-term employees.
This marks the first general salary increase for state employees since January 1, 2009. The economic crisis and a fragile economic climate had led to a freeze on pay raises for over a decade. PASYDY, along with other major trade unions (SEK, PEO, and ICFTU), refrained from requesting raises during tough economic times.
With the recent improvement in Cyprus's economic conditions and a high growth rate, PASYDY deemed it an appropriate time to negotiate salary increases.
The union also noted that similar agreements with SEK and PEO will extend to other state sector employees, pensioners, and those working for semi-governmental organizations and local authorities.
