Solomons Government To Settle COLA Pay Rise In July

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Public servants to see 3% in cost of living adjustments

By Eddie Osifelo

HONIARA, Solomon Islands (Solomon Star, Jan. 28, 2014) – The Solomon Islands Ministry of Finance and Treasury will settle the 3 percent cost of living adjustment (COLA) payments in July.

Permanent secretary, Shadrack Fanega confirmed this yesterday after some public servants raised their concerns to the media.

Mr Fanega said the payments will apply to all public servants including teachers, police, health workers plus politicians and will not be backdated to January.

He said the payments for politicians will go in line with their Parliamentary Entitlement Regulation (PER).

Mr Fanega said the payment was part of Government’s generosity to help public servants for their good work and hardship faces as a result of increase standard of living every year.

"From 2011 to 2013, these payments have come under an agreement for Government to pay COLA of 2 percents to public servants.

"This year’s COLA payment is outside of the agreement," he said.

Mr Fanega said the COLA payments were budgeted for and cabinet had approved it.

He said the COLA payments will cost the government’s about SBD$15 million [US$2.03 million].

Minister of Finance and Treasury, Ricky Hou announced this COLA payment when he handed down the government’s 2014 budget last month in Parliament.

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