Wednesday, February 16, 2011
Law makers set to start debate on the pension bill this afternoon
Chairperson of the finance and budget parliamentary committee, Ralph Juma presented the bill which proposes that civil servants should retire within the age range of 50 to 65 years.
However, officials of the Malawi Congress of Trade union-MCTU want the employees to receive their money at the age of 45.
Quoting the national statistics office 2008 population census, unionists argue that the country’s life expectancy is low therefore more employees will not enjoy their retirement benefits.
The union further proposes that employees should receive their retirement money after they have worked for 15 years in a company even before reaching the retirement age.
Many civil servants are supporting the MCTU stand, adding experience has also shown that it takes a long time for beneficiaries to receive their retirement package.
During deliberations yesterday, Leader of the house George Chaponda moved a motion for an early adjournment in order to give ample time for law makers to scrutinise the bill.