Christmas Pay and Loan Scheme Agreed For Public Servants With Christmas approaching, the Ministry of Finance has agreed to pay more
than 2,400 public sector employees and pensioners a week early, to help them plan for the festive season.
The Ministry of Finance has also reached a deal with the banks to allow public sector workers to draw a loan against future salaries, to top up
their Christmas pay packet. Despite the hard economic times, it was felt that a cash boost would help hard working public servants to plan their finances during what can be an expensive time of year.
All TCI Civil Servants will be eligible to benefit: 1,575 salaried staff and 645 waged staff. Permanent Secretary for Finance, Delton Jones, said:
I’m happy to say we will be able to pay the Christmas salaries and wages early for the public sector this year. The banks have also said that they
will allow public servants to draw against their future salaries. I hope that, in the Christmas spirit, it will allow people to plan for and enjoy
this special time of year.
People should remember, however, that the Christmas loan payments will all be taken from future pay packet, and so should budget accordingly.
