COST-OF-LIVING SALARY ADJUSTMENT 2014/2015
The State as employer in a Special Council meeting of the PSCBC today (24 March 2014) announced that the cost-of -living salary adjustment, as of 1 April 2014, will be 7,2% (i.e. the projected CPI for 2014/15 which is 6,2% plus 1%). Another 0, 2% is to be added to the 7,2%, this being the difference by which the actual CPI for 2013/14 exceeds the projected CPI for the same period. The overall cost-of-living adjustment for 2014/2015 is therefore 7, 4%. The increase will be effective from 1 April 2014.
The employer, however, indicated that it was not in a position to effect the increases in April 2014 and that employees would therefore receive back pay when the salary adjustments are effected on Persal. In this regard it was indicated that the back pay (for April 2014) related to the 0, 2% will be paid on 1 May 2014, whilst the back pay on the 7, 2% will be paid on 15 May 2014.
Members should therefore receive their full adjusted pay for the first time when they receive their salaries at the end of May 2014.