HomeRecentGrenada’s Pension Reform Agreement Described As ‘Revolutionary’

Grenada’s Pension Reform Agreement Described As ‘Revolutionary’

GEORGE’S, GRENADA, FEB. 21, 2018, GIS: Prime Minister Dr. Keith Mitchell has described as ‘revolutionary’, an agreement between the Government and the Trade Union Movement on a formula to restore State Pension.

Prime Minister Mitchell was addressing a rally ahead of Monday’s exchanged of a Memorandum of Understanding involving Unions, Associations and Government.

“This is a revolutionary decision that this Government once again has settled with our Public Workers and our Unions as a whole,” said Prime Minister Mitchell.

A two phased approach is being adopted for the Pension Restoration and Reform.

Phase one will target public officers and members of the disciplined forces who have been, or are appointed on a definitive basis to Established Posts from, and including April 4 1983 to December 31st 2018, and who meet the criteria established through the process.

One of the seven Principles agreed on states that all years of qualifying service up to the last date of employment shall count towards an officer’s pensionable benefits.

“We have been working extremely hard, the Public Workers Union and the Government to deal with the issue of pension for Public Workers,” the Prime Minister disclosed.

“I want to inform you, both sides have come to an agreement on the issue of dealing with pension for Public Workers. They have agreed on a fundamental formula for going forward”.

Phase two of the formula covers Public Officers and members of the disciplined forces who will commence employment with the government fromJanuary 1st 2019, and employees under the Un-Established category.

One of the four principles guiding this phase says the start date of the new Schemes shall be based on availability of funds and will be subject to discussions with Unions and Associations.

“Our opponent has said that this is an issue about Keith Mitchell’s ego and legacy, well I don’t understand this. The issue is about dealing with a problem that has not been dealt with for years,” said Dr. Mitchell.

“People have suffered. Some have gone to the great beyond without getting their basic needs. Even if you believe it is going to satisfy Keith Mitchell ego and satisfy my legacy, are you going to criticize it because it is Keith Mitchell, our opponent is only concentrating on personalities, we are concentrating on people”.

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