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Parish councillors to receive retirement benefits

Published: Friday February 1, 2013 | 3:25 pm Comments 0

More retired legislators will now qualify for benefits following approval of amendments to the Retiring Allowances (Legislative Service) Act in the House of Representatives.

The bill was debated and passed on Tuesday.

The amendment provides for service as a parish councillor to be taken into account in determining the qualification of legislators for retiring allowances.

Finance Minister Dr. Peter Phillips, who piloted the Bill, noted that currently  several retired legislators are not eligible for retirement allowances as under the law they lack the main service qualifications.

In order to qualify for retirement benefit, legislators are required to serve for two full parliamentary terms or for a period equal to the aggregate of no less than nine years.

Dr. Phillips argued, however, that if such persons have performed public service as parish councillors this should be treated as qualifying service for retirement benefit.

He stated that the amendment would widen the eligibility criteria for receipt of retirement allowances and increase the number of legislators who will be eligible for the benefit.

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