Government wants public servants to retire at 55 TheStar_news
Johannesburg - The state has set the ball rolling in its desperate bid to cut the public wage bill by giving workers aged between 55 and 60 until September to retire without pension penalties. Guidelines for applying for early retirement have been released to thousands of public servants. The Star has seen a copy of the guidelines and also learnt that unions and workers have started mulling the offer, which became effective from April 1.
Reading the Budget Speech in February, Finance Minister Tito Mboweni announced plans to cut the national and provincial pay budgets by R27 billion over the next three years. But, in documents detailing the guidelines, the Department of Public Service and Administration blames the decision squarely on the 2018 wage settlement agreement with unions.
“During and post the 2018 wage negotiations, economic realities and financial pressures were discussed with organised labour.
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