Cayman Islands elected officials will not receive a modest bonus being given to civil servants this month, Finance Minister Marco Archer confirmed Monday.
The one-time bonus paid to civil servants will equal 2.2 percent of the employee’s annual salary.
For example, someone in the civil service who earns $40,000 per year will receive an extra $880. The payment will be made before the end of the current 2015/16 budget year, which closes on June 30.
Minister Archer said there is no plan for an across-the-board pay raise for civil servants during the upcoming 2016/17 fiscal year, although there may be some targeted pay raises for civil servants to address ongoing pay disparities where those workers have not received an increase in salary for a number of years.
The pay bonuses in June were given to recognize “valuable contributions civil servants have made in the past year,” Premier Alden McLaughlin announced during his budget policy address.
The targeted salary raises in certain civil service departments – which have not been identified – will arise in situations where the annual pay for civil service employees who have been in jobs for a number of years has been “frozen” due to budget constraints. Meanwhile, new hires in the civil service are brought in at the “market rate,” creating a pay disparity.
“Some civil servants have had their pay frozen for seven years, but new entrants can get pay increases,” Mr. McLaughlin said.
Some $2 million has been set aside in the upcoming budget to address the disparity issue, Mr. Archer said.