In addition, the Monetary Council of the Eastern Caribbean Central Bank, as part of its support for fiscal and debt sustainability, established a commission on Pension and Pension Administration Reform in the Eastern Caribbean Currency Currency Union. A Report has since been completed and is also now available for discussion within the ECCU.
Having regard for the importance of this issue, the Ministry of Finance, on behalf of the Government of Grenada, has organized a National Symposium on Pensions and Pension Reform for Thursday July 21, 2011, at the Grenada Trade Centre.
Invitations have been extended to a wide cross section of stakeholders including, the trade unions, insurance companies, private sector organizations, the Conference of Churches, the Government’s Negotiating Team and all Government ministries and departments.
The day’s agenda will include presentations by:
- The Consultant who undertook the Pension Review of the Grenada Public Service;
- Mr. Marius St. Rose, Chairman of the OECS Pension Commission; and
- A representative from the National Insurance Scheme (NIS).
There will also be group discussions on: Government Pension Arrangements; NIS Pension Scheme; Private Pension Plans; and Social Assistance/Safety Nets.
Coming out of this symposium, Government hopes to build a consensus on the way forward for pension reform in Grenada.