Jagdeo’s pension is not $3 million per month - OP says

Jagdeo’s pension is not $3 million per month – OP says

Oct 30, 2011 News

Mr Khemraj Ramjattan of the Alliance For Change recently contributed to the misinformation being peddled in the media about President Bharrat Jagdeo’s pension, stated Office of the President last nite.
A statement out of Office of the President said that in fact, the President would receive “about one-third of that amount and is comparable with that received by his immediate predecessor, former President Janet Jagan with the annual wage increases taken into consideration.”
In a press statement, Office of the President stated, “Ramjattan’s contributions are inaccurate and purposefully misleading. An examination of the subject and previous publications would show that the pension of President Jagdeo “is established at seven- eighths of his salary and has long been so established and remains unchanged. It has been given to all former Presidents including all President Jagdeo’s predecessors.”
Ramjattan’s claim that the pension is in excess of $3M is deliberatively inaccurate. The computation of his pension is based on a formula established in law. The value is computed at seven-eighths of the current salary.
That same formula is applicable to Members of Parliament with designated years of service in Parliament, such as Ramjattan himself.
The statement said that further, the salary of a President is on par with that of the Chancellor of the Judiciary and the Attorney General who sits in Cabinet.
Comparatively, the pension of a President is unlike that of a member of the Judiciary whose pension is computed based on twice the actual years of service in the Judiciary.
The Office of the President noted that the privilege that MPs enjoy in accessing duty free concession has been abused by Mr Ramjattan.
“He has not used, but sold five such vehicles acquired under the duty free concession regime during his tenure as a parliamentarian.”

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Jagdeo’s pension is not $3 million per month – OP says

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