The Togolese government plans to raise the retirement age from 55 to 60. During the council of ministers meeting held on Wednesday, a consensus was reached on raising the retirement age, pending discussions with trade union organisations.
According to the figures provided by the government, the current stipulation of 30 years of service or 55 years of age will send into retirement 50% of public servants (16,000 staffers) by the year 2010.The proposed increase is also motivated by difficulties and the imbalance being experienced with the retirement fund and the national social security fund, Minister of Employment, Labour and Public Service, Katari Foli-Basi, said.
For the past 10 years, Togo has faced difficulties in paying pension benefits.
ARTICLES SUR LE MÊME THÈME
A new model of global cooperation: Togo’s President advocates for Africa’s respect and dignity
In his address to the United Nations General Assembly, Togo’s President Faure Essozimna Gnassingbé emphasized on Wednesday that the world is at a crucial turning point. He called for the urgent reform of global institutions, which are struggling to address increasingly complex problems.
Emmanuel Macron meets with President Faure Gnassingbé
On Thursday, French President Emmanuel Macron held talks with Togolese President Faure Gnassingbé on the sidelines of the 80th anniversary commemorations of the Provence Landing.
Togo advances in SDGs despite global challenges, says IMF
An International Monetary Fund (IMF) mission conducted discussions with Togo from May 29 to June 7 as part of the 2024 Article IV consultation. The IMF issued a statement following the mission, noting significant economic progress in the country.