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Karrim
Karrim
7 years ago

Nyasatimes, are u sure of the assertion u want us to believe that once govt adopts the New pension Act retiring civil servants will only be entitled to a one lump sum retirement package without the monthly payments they get? Which section of the Act stipulates this??? This allegation has potential of raising irrelevant fears. Titsimikizireni that this is as contained in the relevant laws of Malawi.

Justice like water
Justice like water
7 years ago

“Government too broke” End of quote from the horse’s mouth. I rest my case.

Opals
Opals
7 years ago

Just bite the bullet and phase in the scheme asap starting with the new recruits. Problem is, the longer it takes, the more compounded the problem will get. In the mean time, civil servants are being disadvanted (relative to private sector counterparts) unless if loss of pension fund earnings are being accrued – which is doubtful considering GoM’s cash basis of accounting. Why can’t GoM create fiscal space for this important scheme by toning down the socialist agenda: epitomized by the malata subsidy? A vibrant pension regime is imperative in any serious economy. We can’t be singing this “suspension” tune… Read more »

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