IMF informed of Government’s delayed five percent salary increases
Concerns by the Public Service Union regarding salary increases for 2010 and other items were raised by the union in a meeting held with the International Monetary Fund (IMF) last week.{{more}}
According to a press release issued by the union, officials of the IMF were informed during last Mondayâs meeting that this countryâs government has so far failed to meet its commitment to a 5 per cent salary increase which was legislated for 2010.
The release further stated that the PSU informed the IMF that the implementation process of the IMF endorsed reclassification exercise was incomplete.
Apart from calling for the Government of St. Vincent and the Grenadines to make full payment of the 5 per cent salary increase to public servants, the PSU is also calling for negotiations for protection of public servants when it comes to pension reforms.
âThis is in the view of the fact that the introduction of pension reform by government can either be voluntary as in the case of Montserrat or conditional depending on the financial standing of the government as in the case of Antigua,â the release went on to say.
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