PM Briceño Outlines New Pension Scheme

And, the Government is also planning a pension reform for public workers. The proposal being made by GOB is that the pension scheme should be contributory, similar to how the Social Security contribution scheme. However, the president of the Public Service Union (PSU), Dean Flowers, says the membership is not on board with this news scheme. But, Prime Minister, John Briceño, gave a breakdown of the rationale behind this shift.