The government will consider cutting the retirement pay of public servants for the first time in 21 years to rectify the gap in pay between the public and private sectors, government officials said Thursday.
The move was prompted by a survey soon to be released by the Public Management, Home Affairs, Posts and Telecommunications Ministry showing that public servants' retirement pay is an average of 5 percent higher than that for private-sector workers.
The government will consider specific measures to reduce public servants' retirement allowances after the results of the ministry's survey are officially announced Friday.