Namibia mulls reducing retirement age from 55 to 50

Namibia is probing the idea of reducing the retirement age from 55 to 50 as one of the eleven possible strategies to reduce the civil service wage bill.

0
Namibia
Namibia

Currently, there are more than 100, 000 civil servants who are paid 23 billion Namibian dollars (1.4 billion U.S. dollars) per year, which is a third of the total national budget of 67 billion Namibian dollars (4.2 billion dollars).

Namibia
Namibia
According to budget documents, the civil servants wage bill was about 7.8 billion Namibian dollars in 2009 but increased massively to 21 billion Namibian dollars in 2014.

In a statement Friday, Prime Minister Saara Kuugongelwa-Amadhila said Cabinet suggested to entice more people to go into retirement by putting in attractive incentives.

Apart from looking at the retirement age, Kuugongelwa-Amadhila said, Cabinet has also resolved to set a limit on creation of posts and to upgrade the human capital management system to make impossible for ghost workers to sneak into the system.

In addition, she said the government will streamline and rationalize the multiplicity of bonuses and other allowances as well as to increase the objectivity on the wage determination process and future increases by aligning these to the prevailing inflation rate.

To ensure planned training and development interventions, the Office of the Prime Minister will implement a training needs assessment coordination mechanism.

There will also be functional reviews of each office, ministry and agency to determine staffing needs by focusing on their strategic positions in the context of developmental objectives. Enditem

Source:Xinhua

Send your news stories to [email protected] Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here