Tito’s great pensioner plan

Early retirement from civil service seen as key to invigorate sector

Thousands of Eastern Cape civil servants aged between 55 and 59 should gear themselves for early retirement, says Finance MEC Oscar Mabuyane.
The MEC said this was in line with finance minister Tito Mboweni’s budget speech in parliament on Wednesday.
Mboweni said he would be introducing measures to trim the public sector wage bill by R27bn over the next three years, measures which would include offering early retirement packages to about 30‚000 public servants between the ages of 55 and 59.
Mabuyane said as things stand in the Eastern Cape, there were more than 120,000 civil servants, some of them at the retirement age.
He said offering early retirement would assist in bringing new blood into the public sector, a move which would help improve the “quality of services”...

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