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first_imgStory Highlights The SERP is a voluntary separation initiative that allows public-sector employees, aged 50 to 59, under the non-contributory government pension scheme to take up early retirement through an incentivised package. It was opened on January 2 and will close on February 16. “That efficiency is not just about bringing down the cost of employment, but also ensuring that the service we deliver is improved, because if we make savings on the wage bill, but the service to the citizens of Jamaica is undermined, then we would not have been successful in public-sector transformation,” he said. Implementation of the Special Early Retirement Programme (SERP) forms part of the Government’s strategic move towards improved public service delivery, says Deputy Financial Secretary in the Ministry of Finance and the Public Service, Wayne Jones. Implementation of the Special Early Retirement Programme (SERP) forms part of the Government’s strategic move towards improved public service delivery, says Deputy Financial Secretary in the Ministry of Finance and the Public Service, Wayne Jones.Addressing a Jamaica Information Service (JIS) ‘Think Tank’ on February 7, Mr. Jones said while the programme, being implemented through the Public Sector Transformation Implementation Unit of the Ministry, is a wage bill management strategy, it is also expected to improve efficiency in the sector.“That efficiency is not just about bringing down the cost of employment, but also ensuring that the service we deliver is improved, because if we make savings on the wage bill, but the service to the citizens of Jamaica is undermined, then we would not have been successful in public-sector transformation,” he said.The SERP is a voluntary separation initiative that allows public-sector employees, aged 50 to 59, under the non-contributory government pension scheme to take up early retirement through an incentivised package. It was opened on January 2 and will close on February 16.Mr. Jones said while SERP provides an opportunity for employees to choose to make the transition into whatever vocation they desire, the Government, in reducing the wage bill, will be able to continue on the path of economic development, allowing for public funding to be redirected to critical areas such as social services.“At the end of the day, improved public service delivery is the target, and we believe that this is another way of achieving that as well as achieving personal economic and professional success by those public officers,” he said.last_img read more

first_imgzoom Ireland’s maritime transportation group Irish Continental Group (ICG) has decided to dispose of Jonathan Swift, a high speed craft. ICG said it has entered into a memorandum of agreement (MOA) to sell the vessel to Spanish shipping company Balearia Eurolineas Maritimas for EUR 15.5 million (USD 19.14 million).As explained, the disposal will generate a book profit for ICG of approximately EUR 14 million. The proceeds will be used for general corporate purposes.The 6,000 gross ton vessel is to be delivered by the end of April 2018, according to the group.Jonathan Swift was commissioned by and delivered to ICG in 1999 at a cost of EUR 38.8 million. It has since operated on the company’s Dublin – Holyhead route.The vessel will be replaced in ICG’s fleet by the 2001-built high speed craft Westpac Expres which was recently redelivered following a period of twenty months on external charter. It is currently undergoing a refurbishment program.A month ago, ICG placed an order with German shipbuilder Flensburger Schiffbau-Gesselschaft & Co.KG (FSG) for the construction of a cruise ferry worth EUR 165.2 million. Upon completion, it will be the largest cruise ferry in the world in terms of vehicle capacity, the company claims.last_img read more