mlsi.gov.cy Social Insurance Scheme Cyprus : Ministry of Labour, Welfare & Social Insurance
Organization : Ministry of Labour, Welfare & Social Insurance
Scheme Name : Social Insurance Scheme
Country : Cyprus
Website : http://www.mlsi.gov.cy/mlsi/mlsi.nsf/home-el/home-el?OpenForm
Terms & Conditions : https://www.statusin.org/uploads/29708-SIC.pdf
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Social Insurance Scheme :
If you already have a job in Cyprus :
If you are already working in Cyprus you should be aware that there is only one Social Insurance Scheme (SIS) which covers all the employed and self-employed persons.
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How much contribution you pay, and how you pay it depends on
** How much you earn and
** Whether you work for someone or for yourself.
Your contributions to the Social Insurance Fund :
In case you work for someone you are an “employed person”. The person you work for is your “employer” and he is responsible for your registration under the SIS.
Your employer will take from your gross wages 6,8% and pay it to the Social Insurance Fund. At the beginning of every contribution year you will receive from the Social Insurance Services a statement which indicates your total earnings and contributions for the previous contribution year.
The rate of your contribution is 17,9% on your wages and it is divided to contributions paid by your employer, yourself and the State in the proportion of 6,8%, 6,8% and 4,3% respectively.
In case you work for yourself you are “self-employed person” and you will be responsible to register yourself to the SIS and pay your contributions directly to us every three months.
The rate of your contribution is 16,9% on your notional income. Out of 16,9%, 12,6% is paid by you and 4,3% by the State. You are also have to pay extra 2% to the Social Cohesion Fund.
In addition, you should be aware that voluntary insurance is allowed to persons who wish to continue insurance after a one year period of compulsory insurance or to persons who work in a third country in the service of Cypriot employers. For voluntary contributors the contribution is 14,8% on the earnings amount declared.
How to claim your benefits :
Unemployment benefit :
You are entitled to unemployment benefit provided that you are capable and available for employment and that you meet all the necessary contribution conditions of the Social Insurance Law.
In order to claim this benefit you should visit the Labour Office of your District and register as unemployed. As soon as you complete your registration there you must go to the Social Insurance Office and register with us also. During this process you should have with you your National Identity Card.
All the other benefits :
As it concerns the rest of the benefits of the Social Insurance Scheme the claim procedure is less complex and you should take the following steps :
(a) Download from our web site the Form which corresponds to the benefit for which you wish to apply or alternatively you may obtain it from the Social Insurance Office of your District,
(b) Fill in the Form (each Form includes the documents which you must attach with it) and
(c) Submit your claim either at the Social Insurance Office or at the Customer Service Center of your District
Social Pension :
If you have reached the age of 65 and you have been living legally in Cyprus for at least 20 years after the age of 40, or 35 years after the age of 18, you can claim from the Social Insurance Services to for Social Pension provided that you are not entitled to pension from any other source. You should be aware that Social Pension is not exported abroad.
Child Benefit :
The child benefit is granted to families who have their usual residence in Cyprus, in the territory under the effective control of the Republic of Cyprus. Income and economic criteria are conditions for the child benefit provision.
Regardless of the amount of income, the child benefit will be granted, provided that the total value, in current prices, of the property assets (economic criteria) of the family including real estate, shares, bonds and securities, does not exceed €1.200.000.