Media & Press Releases
Daily Monitor 2016-10-11 09:00:00
The government appears to be inclined towards reforming the Public Service Pension Scheme. At what stage are we in the process of making the scheme contributory?
I think the government has now realised that they must reform the public service pension scheme. There has been some communication between the ministry of Public Service and Ministry of finance. The talks have already taken place, meaning what needs to be done is to come up with a legal framework, basically, a Bill to revise the Pensions Act or come with a new a law. The option, I am not sure yet but there has to be a new legal framework. I think they have agreed on rates of contributions for the civil servants who will be joining this scheme.
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