The Grenada Government has extended an invitation to unions and staff associations to return to the negotiating table on Friday, 23 November 2018.
It did so in another letter on Thursday, 22 November to the Grenada Union of Teachers, GTAWU, PWU and the 3 staff associations – Prison Officers Welfare Association, Police Welfare Association, and Police Gazetted Officers Association.
The letter expresses government’s interest in engaging in fresh negotiations that address all the factors, to determine the best formula for the advanced pension payment (Gratuity) that does not compromise the fiscal rules.
The letter, which was signed by Beryl Isaac, Chairman of the Pension Engagement Committee, said Government, in its letter dated 20 November 2018, informed of its willingness to re-engage on the issue of advanced pension payment, and in good faith, has set aside the 2% advanced pension payment as previously proposed.
It added that the gratuity is NOT determined by a mere rate, but rather, the value is predicated on an agreed rate along with other factors.
While a rate is the matter of contention at this point, the government says it is prepared to discuss any rate with the clear understanding that it cannot be divorced from the other factors.
The time for Friday’s proposed meeting at the Pension Secretariat, Upper Lucas Street is 10 am.
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