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Govt. pursues Forensic Audit of Old Age pension
Finance Minister Winston Jordan has said that the Government has undertaken to conduct a forensic audit of the old age pension system, with a view to determining the accuracy of the register of pensioners.
Jordan noted that there is an on-going project to improve the processing, recording and monitoring of pension payments, with the objective of streamlining its operations.
He said that his government commits to examining the pensions of public servants who retired in the 1970s and 1980s, and whose pensions are substantially less than those paid to recent retirees of similar pay grades or positions.
The Finance Minister said that the government will also examine the plight of Members of Parliament and former Ministers, who held office prior to 1992, and, currently, receive pensions that are a fraction of those of the present occupants.
He recalled that a Special Select Committee was established to address this matter but due to pressure of time, the matter was not completed.
Jordan said that he believes that people deserve dignity and respect in their old age, and that they should be provided with the support they need which essentially means safeguarding key benefits and pensions.
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