greek cypriots rejected the un settlement plan in an april 2004 referendum. on 24 april 2004, the greek cypriots rejected by a three-to-one margin the plan proposed by un secretary-general kofi annan for the settlement of the cyprus dispute. the plan, which was approved by a two-to-one margin by the turkish cypriots in a separate but simultaneous referendum, would have created a united cyprus republic and ensured that the entire island would reap the benefits of cyprus's entry into the european union on 1 may. the plan would have created a united cyprus republic consisting of a greek cypriot constituent state and a turkish cypriot constituent state linked by a federal government. more than half of the greek cypriots who were displaced in 1974 and their descendants would have had their properties returned to them and would have lived in them under greek cypriot administration within a period of 3.5 to 42 months after the entry into force of the settlement. for those whose property could not be returned, they would have received monetary compensation.