Government’s Human Resource Department has said the year 2017 has recorded the highest number of persons to retire from the public service in half-a-decade.
According to Director of Human Resources, Michelle Donovan-Stevens, a total of 73 government workers had retired at the end of that year.
She gave those statistics when she appeared before the Standing Finance Committee recently.
Donovan-Stevens did not disclose the overall number of retirees in the territory for 2017.
There was also no indication whether the considerable increase in the number of government retirees was a result of the hurricanes.
In the meantime, the Human Resources Director also told the Standing Finance Committee “there continues to be an increase in the cost of pensions”.
The 2018 report on deliberations from the said committee did not give details on the pension increase.
A pre-hurricane assessment last year revealed the territory’s pension liability had been increasing by approximately $7 million or $8 million annually.
Former Financial Secretary, Neil Smith had called for a civil service contributory pension and gratuities scheme to be implemented so the government can facilitate the growing pension cost for government.
Under current provisions, civil servants are not required to contribute to their pensions.
Copyright 2018 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.