SRC opposes retirement age, which relieves teachers and civil servants.
Concerns have been expressed by Lyn Mengich, CEO of the Salaries and Remunerations Commission (SRC), over suggested lower retirement ages for public employees.
The commission claims that the nation’s pension system is under stress and that early retirement will cause the exodus of skilled people who are highly valued from the labor force.
During a Tuesday interview with a local station, the CEO of SRC stressed the significance of keeping employees on staff until they turn 60.
According to Mengich, the employees continue to be productive and add value to the workforce.
Mengich contends that reducing the retirement age is unnecessary.
Mengich stated that the country would lose its experienced citizens if they retired at the age of 55 as is currently suggested because that would imply they are still working at that age and are eligible for a pension.
Mengich stated that since the pension liability is already very large, there is no reason to increase it and they are still making money.
This implies that it is not necessary to retire them early while they are still able to benefit the country.
The response from SRC CEO Mengich follows a court case filed by Charles Chege in February 2024, who wished to do away with the retirement age requirement for workers in the public and commercial sectors.
The present retirement age restrictions, which are 65 for people with impairments and 60 for regular employees, are unjust, in Chege’s opinion.
This is due to the fact that it limits some workers more than others, especially the younger ones, discrediting their skills and capacity to work.
