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Governor General could be cut out of pension process

Published:Tuesday | September 30, 2014 | 9:00 AM
JONES

DEPUTY FINANCIAL secretary with responsibility for human resource management, Wayne Jones, has said there is a need for an overhaul of systems within the public service, arguing that some have outlasted their usefulness.

At present, the application for pensions goes through several stages, including having the governor general sign off on the person's retirement.

By law, public-sector workers retire at age 60, but the retirement is not in effect until the governor general gives his permission. The Government, by way of a white paper on pension reform, has indicated that the normal retirement age is to be increased from 60 years to 65 years.

Jones said some of the steps involved in producing a person's retirement benefit need to change.

"We think some of them can be eliminated. To take out some of them will require legislative changes. Others are administrative, but we are trying to reduce the number of steps that people have to go through until you get your pension," Jones said.