Medical cover for retirees

tHE government is planning to start a postretirement medical insurance scheme (PRMIs) for civil servants, teachers and the disciplined forces. The state Department for Public service is seeking a consultant to conduct an actuarial study on what it will take to form the scheme and how much members will contribute. “The objective of this study is to ascertain actual financial requirements that may include startup capital to establish the PMRMIs,” says the state department in a tender document. “The study must also determine membership and contributions for principal members during their working life or one off-payment at retirement.” The development comes at a time when the Department of Pensions at treasury says it receives an average of 20 000 new claims annually. treasury is currently servicing dues of about 300 000 pensioners registered at the department of pensions. This means that the pool of retiring government employees is bulging. — The standard