FINANCE MINISTER CLARIFIES RESTRUCTURING OF COMPENSATION SYSTEM

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Finance Minister, Dr. Nigel Clarke has sought to bring clarity to his recent statement that no public sector employee will be worse off after the restructuring of the compensation system.

Dr. Clarke was addressing the nation last night (May 15) following several strikes by various groups last week.

He said his assurance that public sector workers will not be worse off, has been refuted by people who have calculated a decline in their salary, under the restructured system.

The Finance Minister explained that the Government, through consultation, will address any such situation.

In light of the unrest among public sector groups, Dr. Clarke appealed to these workers not to impede the country’s economic gains, through industrial action.

He added that consultations with unions, over the restructuring of the compensation system, should end within six months.

He urged persons to trust the process.