Africa-Press – Mauritius. Details regarding the revised formula for the Basic Retirement Pension (BRP) payment at age 65 remain scarce following a joint meeting of inter-ministerial committees. These committees were chaired by Prime Minister and Minister of Finance Navin Ramgoolam, and Minister of Social Security Ashok Subron. The pension reform issue was the sole agenda item, with the Prime Minister potentially planning to make a statement in the National Assembly following the Private Notice Question.
Limited details suggest that various options for exemptions to the BRP at 65 are still being evaluated for cost and impact on public spending. These assessments are ongoing, and the Council of Ministers will make the final decision. Sources hint at a potential bonus in the form of a declaration from Navin Ramgoolam during the day’s session.
Any changes to the BRP at 65 must not exceed 0.3% of the Gross Domestic Product (GDP). This threshold is a critical consideration in the ongoing evaluations of the various reform options.
For More News And Analysis About Mauritius Follow Africa-Press
