Government of St. Kitts and Nevis Implemented New Salary Increase And Pension Plan

• The Government of St. Kitts and Nevis has successfully implemented its new salary increase for government employees and a Contributory Pension Plan, effective January 01, 2024. Civil servants and pensioners will benefit from an 8% salary increase commencing on January 12, 2024.
• The Contributory Pension Plan, also commencing on January 12, 2024, with a 3% pension contribution, is specifically designed for all Government Auxiliary Employees (GAE) and those employed by the government since May 18, 2012. This plan aims to provide a secure and sustainable pension system, contributing to the financial stability of government employees post-retirement.
• To ensure a smooth transition and comprehensive understanding of these new benefits, particularly the Contributory Pension Plan, a series of information sessions will commence on January 15, 2024.
• Prime Minister, the Honourable Dr. Terrance Drew, expressed his satisfaction with the implementation of these changes, reiterating the Government of St. Kitts and Nevis’s dedication to improving employee working conditions and benefits. He emphasized that the new salary structure and pension plan represent a long-term commitment to support government employees throughout their careers and into retirement.

(Source: St. Kitts and Nevis Observer)