The government is looking to raise the age of retirement for correctional officers to 55 and to change the stipulations for pension payment for defense force officers, according to bills that were tabled in the House of Assembly yesterday.
The bills also provide that officers who are re-engaged after retirement will have their pension payments suspended until the period of re-engagement is over.
The Correctional Services (Amendment) Act, 2014, currently provides that a correctional officer retires at 50 years old, or after having completed 30 years of service, whichever occurs first.
After reaching retirement age, the act provides that officers can be re-engaged for up to a total of 10 years.
The Correctional Services (Amendment) Bill, 2020, which was tabled by Minister of National Security Marvin Dames, would change the retirement age from 50 to 55.
However, it would only allow an officer to be re-engaged for a total of five years after having reached retirement.
The Defence (Pensions and Gratuities) (Amendment) Regulations, 2020, which Dames also tabled, raises the number of years of service required for officers to retire from 25 to 30.
It provides that a defense force officer who has less than 30 years of service, but has reached the retirement age of 55, will receive “a pension of one six hundredth of the amount of his pensionable emoluments for each completed month of reckonable service.”
The bill also states that if an officer has served 30 years, his pension will be “one-half of the amount of his pensionable emoluments” and if an officer’s service exceeded 30 years, he will receive a pension of “one seven and twentieth of his pensionable emoluments for each completed month of his reckonable service”.