Government announces 19 early retirements
Nineteen public officers will retire from the Bermuda Government today, as part of the voluntary early retirement programme.
The scheme, which was reintroduced in June for eligible persons in the public service, applies to Government employees aged between 55 and 64.
Individuals must have attained the age of 55 by September 30, or must be members of the Police, Corrections or Fire Services who are entitled to receive a pension upon retirement from the public service on the grounds of age or years of service on September 30.
The Cabinet Office introduced the voluntary early retirement scheme as a cost-saving measure in 2014 and the salary value of those departing on September 30 is $1.5 million.
According to a Cabinet Office statement, the Government has realised a cumulative salary savings of $7.7 million dollars from the voluntary early retirement programme.