FIJI NEWS

SODELPA manifesto by July 18

Retirement age at 60, pension scheme review, part of it FARISHA AHMED SUVA Returning the Government retirement age to 60 and reviewing the pension scheme are two of the items
06 Jul 2014 10:07

Retirement age at 60, pension scheme review, part of it
FARISHA AHMED
SUVA
Returning the Government retirement age to 60 and reviewing the pension scheme are two of the items listed in the Social Democratic Liberal Party’s yet- to- be- released manifesto.
The Bainimarama Government reduced the normal Government retirement age to 55 as part of public service reforms not implemented by previous Governments. This at the same time helped create job opportunities for recent graduates.
SODELPA’s general secretary, Pio Tabaiwalu, said as the party’s leader had earlier stated, the party would be looking at the retirement age and pension scheme to ease the suffering of many people.
“Yes these two are part of our manifesto,” Mr Tabaiwalu confirmed. He said they would reinstate the retirement age to 60 but will have a voluntary retirement age at 55 as well.
“We will have a voluntary retirement age for those who want to retire at 55, take their FNPF and may be start their own businesses,” he said.
“But those who want to continue to work after 55 can do so but the compulsory retirement age would be reinstated to 60 so that people are able to earn and save more.
“We all know we need the economic contributions of these able bodied and able minded workers. This would give flexibility to people to fulfill their financial commitments by earning and saving more money for a better future for their children and themselves.”
He said some civil servants nearing the retirement age now are without anything.
He also iterated there was a need to review the pension scheme to free the people from suffering. “We will relook at the pension scheme to provide affordability to all,” Mr Tabaiwalu said.
“We want to look at the pension scheme for those under social welfare as well as those without employment. There are sickly people and haven’t had any employment and they are suffering and we need to look at this so that it is more affordable.” The final manifesto would be announced on the 18th of this month.
Feedback: farisha.ahmed@fijisun.com.fj




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