The Special Early Retirement Programme (SERP) is for eligible employees between the ages of 50 and 59 years. Under this Programme, eligible persons can choose to retire early. Special incentives have been included in the Programme such as two weeks’ salary for each year of service up to a maximum of one year’s salary and payment in lieu of accumulated vacation leave.
The SERP is designed, as far as possible, to ensure that the process is fair and takes into account both the needs and preferences of the employee and the needs of the employer to ensure that the organisation remains sustainable.
To be considered for the SERP, you must meet the following criteria:
- You are a permanent employee of GoJ;
- You are vested in your pension plan, i.e. contributing for a minimum of 10 years;
- You are eligible to retire early as per the rules of your pension plan.
To apply, please complete the application form and submit it to your HR Department.