• Latest
Grenada honey one step closer to being legally sold on Trinidad market

Grenada government wants fair play in pension reform

4 years ago
Health Ministry monitoring reports of Monkeypox outbreak overseas

Health Ministry monitoring reports of Monkeypox outbreak overseas

12 hours ago
Grenada moves a step closer to providing CT scans

Grenada moves a step closer to providing CT scans

13 hours ago
Tanteen Road Closes At Noon

Temporary road closure: Mt Millette Road

13 hours ago
ECTEL Career Opportunity: Managing Director

ECTEL Career Opportunity: Managing Director

17 hours ago
Vacancy: Project and Quality Assurance Assistant

Vacancy: Project and Quality Assurance Assistant

17 hours ago
Actress Aisha Hinds’ epic wedding weekend in Grenada

Actress Aisha Hinds’ epic wedding weekend in Grenada

21 hours ago
No need to panic over shark sightings

Lifeguards commended for excellent service

2 days ago
Joint approach to fighting gender-based violence

Joint approach to fighting gender-based violence

2 days ago
CHORES Returns to Grenada in October

CHORES Group returns to Grenada

2 days ago
International Day for Biological Diversity 22 May

International Day for Biological Diversity 22 May

3 days ago
Claims of coronavirus at SGU designed to create fear and panic

Covid-19 update: Grenada Dashboard 20 May 2022

3 days ago
Cambridge GCE Registration Period

Commonwealth of Learning Skills for Work Programme

5 days ago
NOW Grenada

Main Header Ad 468x60

  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Article Header

Grenada government wants fair play in pension reform

This story was posted 4 years ago
25 July 2018
in PRESS RELEASE
1 min. read
Oliver Joseph
Share

Minister for Trade, Industry, Co-operatives and Caricom Affairs Hon. Oliver Joseph said while one batch of workers will be paid pension and gratuity retroactively, negotiations are ongoing for those who joined the service after 22 February 1985, to agree on a formula for payment.

In the first instance, 56 workers will receive gratuity and pension, costing the government $7.2 million. These workers joined the public service between 4 April 1983 and 22 February 1985.

Minister Joseph said the initial arrangement was for the National Insurance Scheme (NIS) to be the only institution responsible for pension payment.

“The NIS was introduced to pay pensions. After the disqualification act was introduced, but with the introduction of NIS, workers were “grandfathered in” and that is why some workers were entitled to 2 pensions, one from NIS and one from government,” the minister explained.

Minister Joseph said while government’s legal obligation is to workers up to 1985, it wants to ensure fairness for all. He indicated that all public servants are entitled to pensions but in moving forward there must be a clear understanding of the issue, given the limited state-owned resources.

“Workers have made sacrifices, we appreciate the cooperation of the trade union on their understanding in this matter,” said Minister Joseph. “But we must look at the picture in its entirety, so that we make a rational decision and locate resources optimally so that everyone benefit.”

GIS

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.
Tags: caricom affairsco-operativesgisindustrynisoliver josephpensiontrade
Next Post
Prime Minister Mitchell welcomes potential impact of rum distillery on rural economy

Prime Minister Mitchell welcomes potential impact of rum distillery on rural economy

Comment on post Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Home Sidebar NP 300x250

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.