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Singapore’s Inland Revenue Board announces no pay review for public servants in 2024/25

Broadcast United News Desk
Singapore’s Inland Revenue Board announces no pay review for public servants in 2024/25

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The Wages and Remuneration Commission (SRC) has decided to freeze pay reviews for all public servants in the 2024/25 financial year, citing fiscal constraints and budget cuts resulting from the repeal of the 2024 Finance Bill.

“We have postponed the implementation of the pay review for all other public servants for the 2024/2025 financial year until further notice, subject to the availability of funds,” the SRC announced in a statement to the media.

The SRC explained that the decision was due to the fact that there was no budget allocated to implement the proposals on compensation and benefits for public employees, which were originally scheduled to be implemented from July 2024.

The SRC stressed that the decision was made in consultation with the National Treasury and follows the principle of fiscal sustainability as enshrined in Section 230(5) of the 2010 Constitution of Kenya, which aims to responsibly manage public compensation costs.

The committee confirmed that annual pay adjustments within the existing structure would be made within the allocated budget, but clarified that no additional funding would be provided for the implementation of the findings of the job review in the 2024/2025 financial year.

“The SRC will continue to monitor the situation and will consider a review depending on funding availability and appropriate advice from National Treasury,” the committee said.

Furthermore, the SRC advises public service agencies with collective bargaining agreements (CBAs) affected by the deferred pay review to engage with their respective unions accordingly.

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