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Originally Posted by Nehru:

Regardless of who gave it to them, if it is excessive then it is bloody WRONG. The problem is I am still not convince of the real #. Maybe Shaitan can gave us some verified numbers.

 

The Pension alone is linked in law to 7/8 to that of whatever the sitting President is getting. This comes out to approximately USD $180,000 per annum for like a few years ago. It is definitely higher today.

 

This is of course separate and distinct to the litany of uncapped facilities which are chargeable directly on the Consolidated Fund.

 

The hands of future governments are totally tied on this matter.

FM
Originally Posted by Nehru:

15000 US per month maybe a bit too high since they are entitled to many other Benefits. I think the Opposition was thinking about themselves also when they agreed to this Bill.  In the end, the Guyanese People are the ones who has to foot the Bill. So both sides are out to grab as much from the Taxpayers.

 

These pension commitments are just not sustainable for Guyana.

 

There is a whole litany of people who are entitled to pensions as well. Ambassadors, Consuls-General, High Commissioners, MPs with 12 years service, Judges, and of course the rest of the state sector who reach 55. Those who reach 55 are entitled to continue on as contract workers while collecting their pensions.

 

Guyana is artificially kept with loans and debt cancellations. The spending is unsustainable. I don't think the tax base is there to sustain this kind of spending.

FM

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