The International Monetary Fund (IMF) has called on the federal government to expand the contributory pension scheme to include currently serving employees, aligning it with the system already in place for new recruits. The move is aimed at transitioning to a more sustainable, contribution-based pension model for all civil servants.
According to reports, efforts are underway to implement this reform, which is expected to ease the financial burden of pensions on the national exchequer. However, the proposal is likely to face resistance from various quarters, particularly within the bureaucracy.
In addition to pension reforms, the government is reportedly considering a proposal to lower the official retirement age for civil servants to 55 years. While no final decision has been made, the plan has sparked debate, with many civil servants opposing the idea. If implemented, the change could result in a significant number of bureaucrats retiring earlier than anticipated.
Meanwhile, the government is also exploring the possibility of restoring the Federal Secretariat Allowance, a benefit that has been frozen for over a decade. Sources suggest that this move could be part of broader efforts to address longstanding grievances within the civil service.