The Cyprus Worker’s Federation (PEO) has formally approved in principle the agreement on the cost of living allowance (CoLA), marking a major development for Cyprus’ social security framework.
The approval, granted during Wednesday’s meeting, follows months of negotiations and a nationwide strike held on September 11 that underscored workers’ determination to protect the institution.
In its statement, Peo emphasised the long-standing importance of CoLA as a mechanism for safeguarding purchasing
