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Wednesday, 7 December 2016

Gov’t lowers its early retirement target

Gov’t cuts early retirement target for civil servants by a bit over half: The government appears to cut its early retirement target to 1 mn over the next five years from an originally stated 2 mn by 2020, said Planning Minister Ashraf Al Araby (you dashed our hopes quite expertly, sir). Still, the mere notion that someone of cabinet rank is still discussing downsizing carries a measure of significance. Al Araby added that the Civil Service Act had provided incentives for employees wishing to retire early, Al Shorouk reports. He added that the government plans to draft a new law on pensions, but did not elaborate, according to the newspaper. As welfare frauds are now known at Enterprise as Kramers, rank-and-file civil servants of the type one would want to see availing themselves of the early retirement program shall henceforth be dubbed “Costanzas.”

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