Fair pay in the public sector
“The President’s pension and the Prime Minister’s pension shall be seven-eighths of the highest annual rate of salary paid to such persons at any time as President or Prime Minister as the case may be or two hundred and four thousand dollars per annum, whichever is the greater,” says the 1991 amendment to the Pensions (President, Parliamentary and Special Officials) Act Chapter 27:03, which now appears extremely dated.
I am not certain what Mr. Hoyte’s salary was when he left office but if this was the level of pension that was thought acceptable for the president at that time when the PPP/C came to government in 1992, the president’s pension would have been about 10 times the public service minimum wage of approximately $1,600 per month. However, by the time Mr. Jagdeo left office his pension was over $1,000,000 per month: more than 28 times the current minimum wage of about $36,000!
Other income relationships have also changed to the advantage of upper management but at nothing close to the above increases. For example, in 1991 the salary of a minister averaged about …..To continue reading, login or subscribe now.