(o+) The 55+ Retirement Age, the Fiji National Provident Fund, and Pensions
As with most Government announcements these days, the decree making 55 the compulsory retirement age (except in some circumstances) is seen by some as a diabolical act with horrendous consequences. This post seeks to provide a more balanced account.
Government says the move is to save Government expenditure by reducing the size of an over-heavy civil service; create job opportunities for some of Fiji's 1,000 unemployed graduates and other young unemployed people, and encourage some of those retiring to start their own business or otherwise enter the private sector. A Fiji Times editorial on March 15 agreed with the Government decision.
Anti-Government Bloggers, however, say the money saved will be spent on the military, and the decree will be used as a way of getting rid of civil servants the Government does not like. NZ Public Service Association Nat.Sec. Richard Wagstaff, who lives in a country with longer life expectancies and far lower levels of unemployment, says it's a…
Government says the move is to save Government expenditure by reducing the size of an over-heavy civil service; create job opportunities for some of Fiji's 1,000 unemployed graduates and other young unemployed people, and encourage some of those retiring to start their own business or otherwise enter the private sector. A Fiji Times editorial on March 15 agreed with the Government decision.
Anti-Government Bloggers, however, say the money saved will be spent on the military, and the decree will be used as a way of getting rid of civil servants the Government does not like. NZ Public Service Association Nat.Sec. Richard Wagstaff, who lives in a country with longer life expectancies and far lower levels of unemployment, says it's a…