DPM: Retirees to be paid full

PUBLIC service employees who are going to resign this year will receive full State component of their superannuation funds that are not being funded over the last 12 years, an official says.
Department of Personal Management national agencies director Roselyn Wrakuavia said the Government had made about K200 million available to be paid to the retirees this year which covered the 8.4 per cent Government contribution.
“For those retirees that have been contributing to Nambawan Super Ltd will be receiving the 8.4 per cent State share which was not funded since 2010 and would be paid in full,” she said.
Wrakuavia said this when National Housing Corporation (NHC) arranged for its retirees to sign the deed of release to formally exit the public services after serving the country through NHC. She said, however, the public servants currently serving under 127 Government agencies were not receiving the 8.4 percent State component over this same period, due to the economic situation.
She said the Government had allocated about K400 million last year for retired public servants but only K192 million payment was made for 143 retirees across the public services.
According to NHC managing director Henry Mokono, the organisation was ready to retire about 32 staff reaching the retirement age of 65 and above.
Mokono said the retirees had served 714 years of service between them with loyalty, commitment and dedication to bring NHC this far.
NHC executive director Martin Tau assured the retirees that the organisation would pay all their dues in time.