Cabinet amends multiple pensions bill, drops tax on lump sums

The cabinet on Wednesday approved amendments to the bill regulating multiple pensions for state officials, removing a provision that would have taxed retirement lump sums.

Following the meeting, Government Spokesman Konstantinos Letymbiotis told journalists that the finance minister had been authorised to return the amended bill to parliament for approval.

Among the key changes is the removal of a proposed 15 per cent tax on lump sums granted to state