17 February 2013

Liberia: Retirement Policy Under Review

Liberia's retirement policy, following numerous concerns from within and out, is being put under the prism, with a joint committee on labor of the 53rd Legislature trying to identify areas that need urgent improvement and/or amendments.

The committee has accordingly been conducting public hearing with experts giving their expertise as to what should be done.

Panelists at the hearing included representatives from the Firestone Rubber Plantation, the National Social Security Corporation, Civil Service Agency and the International Labor Organization.

Held under the gavel of the Chairperson of the Senate and House Labor committees, the hearing was aimed at creating a secured financial future for the Liberian workers who reach the age of retirement.

In his opening statement, the Chairman of the Senate committee on labor, River Gee County Senator Matthew Jaye spoke of the challenges Liberian workers are faced with at retirement age.

The River Gee lawmaker noted that though it may take some time to achieve the desired goal, the joint committee would ensure a good result for workers who reach the age of retirement.

For his part, House of Representative Labor committee Chairman, River Gee County District # 2 Rep. Christian Chea, said the objective of the meeting was to restore dignity to the country's workforce, but admitted there would be challenges.

He said the meeting afforded them the opportunity to brainstorm to find a way forward to the problems confronting the Labor sector of the country.

A representative of the Civil Service Agency who spoke at the meeting focused on pension reform which he said is one of the provisions included in the Liberia Civil Service reform strategy.

Director Othello Weh used the occasion to call on the legislature to review the retirement policy scheme of the country to reflect present reality.

He then welcomed effort by the National Legislature to hold discussion with the relevant agencies of government to discuss the issue of retirement of workers in the country.

Mr. Charles Asafo Adejei of the International Labor Organization acknowledged members of the Legislative Labor committee for the wonderful work in ensuring the passage of the decent work bill into law.

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