On Thursday, the Ministry of Finance released an office document outlining the laws governing pensions.
Details indicate that retired government workers who live overseas are requesting their pensions in foreign currencies. Foreign exchange payments are not permitted for overseas pensioners, as stated by the ministry’s clarification.
The government brought attention to the fact that a number of retirees have been working hard to get their pensions in foreign currency. Nevertheless, the government is unable to fulfill this request given the current status of the current account.
“Only employees who were appointed before 1959 are eligible to receive their pensions in foreign exchange,” said the government.
The Ministry also made it clear that workers hired after January 2, 1959, are not eligible for this facility.
