and third tranches
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A minimum contribution from employees of 20% for the Payroll support program;
An adjustment of the graduated scale for the payroll support program to a one on one method as it relates to the loss of revenue;
The adjustments were to go into effect as of May 2020. (Just to be clear, not June, not July, but MAY 2020).
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The Cft cannot establish that SXM has met all the conditions for the second tranche of liquidity support. This means that no talks can be held with Sint Maarten about a third tranche of liquidity support states State Secretary Knops to the Kingdom Council of Ministers.
If Sint Maarten still wants to have this conversation, the country will first have to demonstrate to the Council of Ministers through the Cft that all the conditions have been met. This request will then be assessed by the Kingdom Council of Ministers on the basis of the circumstances at that time, whereby it will in any case be examined whether the need for liquidity support still exists.
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No consideration was given to the fact that we started the program later than the other islands.
No consideration was given to the fact that the decision to adjust the payroll program was made in mid-May by the KCOM.
No consideration was given to the fact that the Payroll Support Program was agreed and budgeted for three months, April, May and June;
Maarten covered the May Payroll from its already scarce liquidity as no consideration was given to the fact that a previously introduced (payroll) program could not simply be changed in the middle of implementation and the principle of legal certainty that is violated by the immediate amendment of the program in accordance with the advice of the Cft.
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Conditions for the second installment second tranche
Savings for the remaining part of the SSRP not funded by the Netherlands. We have made the adjustments, which form part of the budget amendment 2020. The deadline was July 15th which we did not achieve;
Total salary and emoluments of Members of Parliament and Ministers must be cut by 25% per years and until further notice, as of July 1st Additionally no indexation is to be applied until further notice and the savings are to be booked in general resources. The Cft is of the opinion that the 10% salary cut already taken in April is not to form part of the 25%. Cft refers to a motion passed by parliament on March 28th in which an additional 5% salary cut and 20% material cut is supported. Finally, the savings are to be imbedded in the budget amendment, which has not yet been presented to Cft, and as such Cft cannot evaluate yet whether the required amendments are related to the conditions have been included.
the retirement age increase for the civil servants from 62 to 65 years and to replace the final salary regulation with the median salary regulation. The statutory regulation was approved by Parliament on June 3, 2020 and adopted by the Governor on June 18, 2020. Published in the National Gazette as of July 1st 2020;
AOV/General Old Age Pension: Increase of the age from 62 to 65 years, approved on July 15, 2020 by Parliament and adopted by the Governor on August 11, 2020. Published in the National Gazette on August 12th, 2020. At the time the advice was made by Cft it had not been published and consequently determined not completed as per the required condition for the second tranche.
5% annual reduction of the salary and benefits package of civil servants and workers in the (semi) public sector, if financed for at least 50% by government, until further notice. No indexation to be applied either until further notice.
Reduction in vacation allowance;
Additional expenses on training, uniforms, meals, travel expenses (no further specification)
Reduction of the pension premium
Maximizing of salary & benefits at 130% of the Prime Minister’s salary (after the reductions mentioned earlier) for government owned companies and entities and for the (semi) public sector which are financed for at least 50% by government. The same is valid for consultants.
Third Tranche:
Conclusion:
https://www.soualiganewsday.com/index.php?option=com-k2&view=item&id=33084:minister-of-finance-irion-working-on-responding-to-all-the-concerns-expressed&Itemid=451
