COL Payments will be made in 2012 --- No Fixed Date for Payout --- Bonus Amounts to Naf. 300, 000.00.

swescotwilliams21122011Philipsburg:--- The Council of Ministers have decided that the Cost of Living Adjustments (COL) will be paid out sometime in 2012 to all civil servants confirmed Prime Minister Sarah Wescot Williams at Wednesday's Council of Ministers press briefing. Wescot Williams said that government is trying to source the monies and she does not know if the payment can be made in January 2012. The Prime Minister said government agreed that everything must be done and all avenues have to be looked at in order for the payments to be made.
Wescot Williams said that government will not reverse their current budget that is being worked on but an amendment will have to be made to the 2012 budget to accommodate the COL payments.
In the meantime, the Prime Minister said the government has reserved Naf. 300,000,00 that will be used for the bonuses of the civil servants.