Today's Labour News

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psaBusiness Report writes that a meeting on Monday between the Public Servants Association (PSA) and the Public Investment Corporation (PIC) reportedly yielded numerous positive results for public servants.  

The meeting followed requests by the PSA for PIC disclosure of information related to investments made on behalf of the Government Employees Pension Fund (GEPF) and resulted in the PIC indicating its willingness to disclose information related to unlisted investments in due course.  The corporation further indicated its willingness to research possibilities for products that would benefit public servants, which might include housing and education support at market-related rates.  PSA general manager Ivan Fredericks hailed the productive meeting between the two, saying:  "The PSA has appreciation for the PIC’s willingness to address our concerns to allay public servants’ fear related to their pension investments".  Fredericks also welcomed the PIC’s stance on the possible amendment of the PIC Act to include union representatives on its board of directors.


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