PROCLAMATION No. 1267/2022

A PROCLAMATION TO PROVIDE FOR PUBLIC SERVANTS’ PENSION

WHEREAS, it is part of the country’s social protection policy to expand social insurance system and reach citizens step by step;

WHEREAS, the strengthening and sustainability of the system greatly contributes to social justice, industrial peace, poverty reduction, productivity and development;

WHEREAS, it has been found necessary to strengthen, to the extent circumstances allow, the public service’s pension scheme by revising and consolidating the existing laws to create suitable condition for implementation process;

WHEREAS, it has been necessary to ensure the sustainability and reliability of the public servant’s pension fund through investment requires transparent governance system;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows