• Latest
Undefined Pension Reform Touted in Grenada

Early payment of January salaries, 4% salary increase and payment of increments

2 years ago
Grenada will not attend first OECS Parliament session

OECS and African Union partner to overcome vaccine challenges!

2 hours ago
Grenada honey one step closer to being legally sold on Trinidad market

Government meets with unions representing public workers

13 hours ago
Claims of coronavirus at SGU designed to create fear and panic

Covid-19 update: Grenada Dashboard 16 April

13 hours ago
Mia Mottley’s profile in courage on anti-discrimination

Grenadian PhD candidate sets sights on environment and climate justice

18 hours ago
Entertainers fully vaxxed and ready to perform at Sandals Grenada

Entertainers fully vaxxed and ready to perform at Sandals Grenada

21 hours ago
Senator identifies finance as major shortcoming for sectors he represents

St Clair: MNIB resuming exporting of produce is good news 

21 hours ago
Working together for growth & development

Working together for growth & development

1 day ago
Government says “no physical altercation” between journalist and junior minister

Collaborate with NaDMA for Covid-19 compliant relief effort

2 days ago
Securing Economic Integration: The importance of intraregional trade

Guidance for processing incoming persons from St Vincent

2 days ago
Ridge to Reef and MNIB launch Pest Management Project

MNIB resumes exporting; Increased inquiries from Barbados

2 days ago
Environmentalists unconvinced over Levera no-encroachment claim

Levera Project holding community consultations

2 days ago
SGU and Government of Grenada establish diagnostic testing facilities

SGU reopening; mandatory vaccination for all on campus

2 days ago
NOW Grenada

Main Header Ad 468x60

booked.net
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Article Header

Early payment of January salaries, 4% salary increase and payment of increments

This story was posted 2 years ago
15 January 2019
in PRESS RELEASE
2 min. read
Share

Public officers in Grenada are getting a well-deserved financial break. They will receive their January salaries more than a week ahead of schedule and it will include a 4% salary increase and increments.

Permanent Secretary in the Ministry of Finance, Ophelia Wells-Cornwall was the bearer of the good news for public officers Tuesday as she made the disclosure during the weekly post-cabinet press briefing.

Wells-Cornwall said, “Government recognises that January is usually considered a long month, as December salaries are usually paid early and persons would normally incur a bit more expenses for the Christmas season. Cognisant of that reality and the fact that government’s current cash flow permits, a decision was taken to pay January salaries on the 21st instead of the 30th.”

The 4% salary increase being paid to public officers is the third and final portion of a 10% increase agreed to with trade unions representing the workers. Based on the agreements, public officers received a 3% increase in 2017 and another 3% in 2018.

Public officers will also receive their annual increments as part of the January salary.

The salary increase and increments for this year will add $10.3 million to the government’s 2019 wage bill. Overall, the salary increases and increments for the contract period 2017 to 2019 will cost the government in excess of $30 million.

Pensioners will also benefit from the 4% increase in salaries and they will receive their payment on 29 January, along with those who qualify for ex-gratia payments.

Ex-gratia payments, as announced by Prime Minister and Minister of Finance, Dr the Right Honourable Keith Mitchell in the 2019 Budget, are also being increased to a minimum of $350.

In addition to the salary increase and increment being paid this month, public officers and all other employed persons in Grenada, who are liable to pay income tax at both rates, will benefit from the 2% reduction in Personal Income Tax which takes effect this month.

This reduction of Personal Income Tax and Corporate Tax to 28% were among the measures announced in the 2019 budget.

In making the announcement, Dr Mitchell said, “The 2-percentage point reduction will obviously affect government’s revenue collection, but more importantly, it will help to stimulate the local economy, putting more disposable income in the hands of workers and for companies, affording them extra capital to potentially re-invest and grow their respective businesses.”

Office of the Prime Minister

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.

Tags: increaseincrementsministry of financeophelia wells-cornwallpublic officerssalaries
Next Post
Grenada honey one step closer to being legally sold on Trinidad market

Government moving to increase pension for public officers to 70%

Comment on story Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Home Sidebar NP 300x250

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

NOW Grenada
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.