Treasury Building

Government Pension Information

<p>In order to qualify for a government pension an officer must accumulate a minimum of <strong>TEN</strong> years pensionable service and be in the Public Service at the point of retirement.
<p>
Government utilizes the annual salary to perform pension calculations. To perform the calculation the <strong>years of service</strong> must first be converted to <strong>months </strong>.
<p>
<strong>The maximum pensionable service used in the calculation of a Pension and Gratuity is four hundred (400) months or thirty three and a third (33 1/3) years</strong>.
<p>
<strong>The minimum pensionable service used in the calculation of a Pension and Gratuity is one hundred and twenty (120) months or ten (10) years <strong>.
<p>
Calculation of pension is partially dependent on the position held by an individual at the time of retirement. <strong>If an employee is at the maximum point of the position salary scale or is in a fixed salary position, the last annual salary will be used to calculate the pension </strong>. <strong> Where persons act in a higher position for a total of three years continuously or accumulated within the last five years of pensionable service, the pension can be calculated based on the average salary</strong>.
<p>
<strong>If a person dies in service, the gratuity will be calculated and made payable to the deceased person's estate</strong>. In addition <strong>any arrears of pension also becomes payable to the deceased person's estate </strong>.
<p>
<strong>At death, pension ceases</strong>.
<p>
<strong>The widow and/or children of a deceased male officer, who was paying a Widows and Children Contribution, are entitled to a Widows and Children pension</strong>.
<p>
<strong>The widow is entitled to half and the children are entitled to a quarter</strong>.
<p>
<strong>if there is more than one child they are entitled to half of the deceased male's pension</strong>.
<p>
<strong>The male officer can claim a refund of his Widows and Children Contributions at retirement if there is no beneficiary</strong>.
<p>
<strong>A refund also be claimed if married and divorced after the divorce becomes final and after the death of the wife</strong>.
<p>
Government allows for <strong>at least six months </strong> to complete the paperwork for a pension and gratuity before it can actually commence.
<p>
<strong>It is therefore a good practice to indicate the retirement date early and submit appropriate documentation to allow for processing time</strong>.
<p>
<strong>The last department that the pensioner worked at has to prepare the retirement form.</strong>

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer