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Public sector workers to start contributing to their pension April 2016

Published:Tuesday | September 29, 2015 | 9:53 PM

Effective April 1, 2016, public sector workers will be required to contribute to their pension.

This forms part of the government's public sector reform.

In the Fiscal Policy Paper interim report tabled in Parliament this afternoon, the government said the required pension legislation amendments will be tabled by the end of November, this year. 

It is costing the Government $25 billion this year to fund pensions, and projections are that it could reach $39 billion by 2016.