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The Guyana Public Service Union (GPSU) is unimpressed by the provisions of the recently announced budget, even though some measures that were applied in a minuscule manner by the Hon. Minister of Finance has had its genesis in recommendations made by the Union some years ago.
The GPSU had advocated that:
(a) “a minimum increase of 50% in all Pensions payable by the State and that the National Insurance Scheme be encouraged to do likewise.” In the 2013 budget the Government proposes a hike in only old age pensions by a miserly $2,500, while ignoring other pensions that are currently paid to persons, who had given yeoman service to the state, but are condemned to abject poverty while in retirement because of inflation and other factors. One would think that Government’s stated concern for the wellbeing of all citizens would motivate it to make more realistic and generous provisions to sustain its dwindling population base, including the unfortunates that gave their all to the sustainability of state-run institutions;
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