My response to the ‘Civil servants promised ‘no wages cut:’
It’s irresponsible for anyone to make blanket promises about such a large government budget item without all the facts of the financial well being of the country.
Personally, I believe that the last option for cutting the Government budget should be layoffs, which contribute negatively to our economy. As unpleasant as it seems, I’m sure that all Government employees would rather work a four day week and take a 5 per cent to 10 per cent cut in pay across the board rather than be part of the unemployed. These are fair and alternative options to civil servant layoffs.
Our Government officials need to be more fiscally responsible and should lead all civil service employees by voluntarily taking a 10 per cent pay cut.
In addition, I disagree with any pension holiday as the pension funds are the basis for less future Government assistance for the elderly in the Islands.
However, the Pension Law should be amended for those who leave the Island; that they cannot pull their pension monies from the pension fund until they reach 60 years old no matter where they currently live.
It is imperative that the Cayman Islands Government make immediate tough decisions to curb spending of monies the Government does not have.