{"id":221347,"date":"2025-01-09T12:45:24","date_gmt":"2025-01-09T16:45:24","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=221347"},"modified":"2025-01-09T13:07:15","modified_gmt":"2025-01-09T17:07:15","slug":"cabinet-initiates-consultation-on-national-retirement-age-and-pension-payment-alignment","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/cabinet-initiates-consultation-on-national-retirement-age-and-pension-payment-alignment\/","title":{"rendered":"Antigua and Barbuda Government to Hold Discussions on National Retirement Age and Pension Payment Alignment"},"content":{"rendered":"
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Cabinets Notes:<\/strong> 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.<\/p>

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

The Cabinet reminds that an \u201cearly\u201d 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.<\/p>

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Following widespread consultations, the Attorney General will take to Parliament the wide consensus to which workers and employers agree. <\/p>

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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.<\/p>\n

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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. 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