St. Kitts and Nevis: The qualified Government Auxiliary Employees (GAEs) will receive their pensions for the first time since the law got passed in 2012 by the previous Labour administration.
Prime Minister, Dr. Terrance Drew announced about the pension on his Social Medi, stating that this law was passed under labour administration and will be implemented under the labour administration after more than a decade’s period.
PM Drew even noted that the Unity Government, during their tenure, refused to pay the pensions to all the qualified workers. Moreover, they deducted the GAE workers’ gratuity by 66% while they were in power.
The qualified workers have been going through so much in the past years as the then government did not bother to provide any compensation.
PM Drew announced his plan to provide hundreds of qualified workers with the pension by the end of July, 2024. He further added that the payment will be calculated from the month of January 2024 since it is when the pension was supposed to start.
Earlier in June, PM Drew announced that the Pension for the GAE workers would begin in July 2024. Additionally, he and his A-Team are working on the children’s savings and financial literacy program, which will start in September 2024.
He also mentioned that he is pleased to remind the GAE workers and the country that the pension scheme will benefit the thousands.
Moreover, Prime Minister Dr. Terrance Drew has been recently sharing series of ongoing construction projects and socioeconomic policies in the island to provide the citizens with the timely updates and also with an aim to promote transparency.
The information shared revealed that the government of St. Kitts and Nevis have added the Southern University as an option for higher education for the students of the island and they are already sending the students for their further education.
Additionally, they also lowered the development Bank interest rate from 9% to 5% and this interest rate is considered the lowest in the region and in the history of St. Kitts and Nevis.
