Opposition Senator Caswell Franklyn is opposed to Government’s proposed option of forced savings, which is designed to mitigate the economic fallout from COVID-19.
Franklyn said the idea, which, in principle, requires giving public servants a percentage of their salaries in bonds or some other instrument, would result in workers carrying a disproportionate share of the economic burden.
After Thursday’s meeting of the Social Partnership, Prime Minister Mia Amor Mottley announced that this option was being explored as an alternative to job cuts in the public sector.
“The Social Partnership, therefore, discussed as well, the option that I raised on the last occasion on which I spoke, which is how do we best share the burden and do we not need to look at some level of adjustment on the part of those who are working, in the form, not of wage cuts in the public sector, but what we call forced savings; in other words, to allow Government to be able to spend money on other things, particularly capital projects, to be able to get more people working,” said Mottley. (CLM)
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