As one of the 27 European member states, Cyprus offers individuals the opportunity to work in a highly advanced and developed economy. The public sector of Cyprus comprises of a number of departments, ranging from Civil Service to Immigration. The island offers employees many benefits, as outlined in the social security system that governs Cyprus employees. This system was integrated and implemented into the labor force in 1957 and is based on contributions from each individual employee.
All employees are obliged to pay compulsory contributions to the social security system, with the exception of those who work in agriculture. In the event that exempted employees wish to contribute to the system, they can do so through voluntary contribution.
There are a number of benefits offered from the social insurance payments, these include the following:
- Child benefits offered to all families who have children under the age of 18 living in the same house, with specific rules for elder children
- Mother’s allowance is paid to all mothers who have more than four children
- Grant offered to larger families who receive child benefits for four children to purchase a car
The Cypriot government offers families a grant for higher education. There are specific criteria that families must qualify for in order to receive this grant for further education.
Sickness or Illness
Individuals aged between 16-63 years of age who are unable to work due to continuous health issues and sickness problems are paid the illness benefit. In order to become eligible for the illness benefit, individuals must qualify under the specific conditions set for this grant.