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In 2014, the Cyprus Guaranteed Minimum Income and Social Benefits Law was passed to replace the previous Public Assistance and Service Law. It covers all EU citizens and also long-term residents with legal status, and its main intention is to shelter those with higher risk of poverty and to guarantee the recipients with basic standard of living.
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[2] [3] Cyprus has a multi-payer health care system that consists of a public and private sector. [2] The public sector is funded by payroll, earnings taxes, and employer contributions. [2] The public sector healthcare provides social insurance for the employed, self-employed, and for several types of civil servant. [2]
The online payment is not a credit card payment but a very flexible direct debit formula and each citizen is granted an additional 5 days after the payment deadline to pay directly online. The amount will be debited from their bank account 10 days after the payment deadline indicated on the notice.
Full funding is a desirable goal for private pension plans as well, but is often not achieved. Social insurance programs are often not fully funded, and some argue that full funding is not economically desirable. [17] Most international systems of social insurance are funded on an ongoing basis without reference to future liabilities.
The Health Insurance Organisation is a state agency which runs the healthcare system in Cyprus. It manages a budget of €1 billion which pays for the Gesy system. It negotiates with the Cyprus Medical Association .
Minister Began Ended Polykarpos Yiorkatzis: 5 May, 1960 15 August, 1960 Tassos Papadopoulos: 16 August, 1960 24 June, 1970 Andreas Mavrommatis: 1 July, 1970
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