Cabinet Initiates Consultation on National Retirement Age and Pension Payment Alignment

Cabinets Notes: The Cabinet is to begin consultation with several unions, businesses, and social groups about the feasibility of creating a National Retirement Age that would match the age at which Social Security and Government pensions begin to be paid to pensioners.

The Cabinet has determined that having a uniform retirement age throughout the State would enable better planning and greater equity among all workers.

The Cabinet reminds that an “early” retirement age of 60 years is still available; but, taking that option results in a lower monthly payment than if retirement takes place at 65 years.

Following widespread consultations, the Attorney General will take to Parliament the wide consensus to which workers and employers agree.

The average lifespan of Antiguans and Barbudans (and in many Anglophone Caribbean countries) is inching closer to 75 years, thereby compelling changes in pensionable ages and payment schedules.

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