Severance payments in Cyprus

Severance payments are calculated according to years of employment as follows:

• Two weeks’ wages for each year of service up to four years.
• Two-and-a-half weeks’ wages for each year of service from five to ten years.
• Three weeks’ wages for each year of service from 11 to 15 years.
• Three-and-a-half weeks’ wages for each year of service from 16 to 20 years.
• Four weeks’ wages for each year of service beyond 20 years.