Soldiers eligible for pension after 20 years

Oct 18, 2019 News

There has been an adjustment to army regulations which will allow soldiers to now be eligible for pension after 20 years of continuous service.
According to the Official Gazette of October 5, 2019, the Defence Act which governs how the army operates, was amended to include new conditions for army personnel will benefit.

Soldiers serving 20 continuous years will be eligible for pensions

The regulations was cited as the Guyana Defence Force (Pensions and Gratuities) (Amendment) Regulations 2019.
The adjustment speaks about an officer or soldier who retires on or after attaining the compulsory age for retirement in his rank and has a qualifying service which exceeds the prescribed maximum period of service.
It said the entire period of service rendered by that officer or soldier “notwithstanding anything in the regulations, shall be taken into account in computing his pension where or not the pension so computed exceeds the limits prescribed in regulation 13 (2)…
There are conditions…that the pension granted under this regulation shall not exceed the highest annual rate of salary payable…at any time in a pensionable office in Guyana”.
The other amendment is also as important.
It said that an officer or a soldier will be permitted to retire from the force at his own request before he has attained the age at which he is required by regulation 12 to retire may, at the discretion of the Defence Board, be granted a pension as specified in regulation 13 (2).
The conditions are that the officer or soldier is within two years of the required retirement age and has completed the minimum period of service qualifying for a pension or has completed a minimum of 20 continuous years of service.
The regulations were signed by President David Granger, who is chairman of the Defence Board, on October 5, 2019.

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