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Public Sector Pension Reform - JCTU and GOJ Discussions on concerns raised by Trade Unions
The Media has commented on the impasse between government and public sector workers over the issue of public sector pension.
It has been stated in part that "public sector trade unions are opposed to their members contributing five percent of their salaries to a scheme that will benefit these same public sector workers when they retire. As the umbrella body representing the majority of Public Sector workers, the Jamaica Confederation of Trade Unions (JCTU) knows that the assertion is simply not true.
The JCTU and our members have over several years been in discussion with successive administrations for Pension Reform. Despite our many concerns about the impact of the reform, no Administration that makes up the government in those negotiations can say that the Unions have approach these negotiations in bad faith. In fact the Unions and the government have reached agreement on many elements relative to the Pension reform, some of which are captured in the draft pension Bill of 2016.
The Government has indicated that its liability is $30B and growing and will become unsustainable. This makes it necessary to implement the reform now. The Public Sector labour movement voiced its concerns and this finally triggered a meeting.
You may download the detailed document on Pension Reform Discussions below:
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