Pension advisory group formed

The Chief Secretary’s Office which is responsible for civil service matters, has established a working group to implement the temporary suspension of employees’ pension payments.

Leader of Government Business the Hon. McKeeva Bush, announced earlier this week, the temporary suspension of pension payments. The suspension is aimed to reduce government’s operating budget.

This pension advisory group is chaired by Deputy Chief Secretary Franz Manderson. It comprises representatives from, the Portfolio of the Civil Service, the Civil Service Association, the Legal Department, the Public Service Pension Board and the Portfolio of Finance.

Mr. Manderson said that he wanted to make it clear that the proposals being developed do not include adjustments to the benefits of existing pensioners.

Before the end of August, the pension advisory group will advise the Cabinet regarding the implications of suspended pension payments, as well as any legislation changes that will be required to implement the suspension measure.