Thursday, July 16 2020

VietNamNews

HCM City cuts allowances for public employees, adds to relief funds

Update: April, 22/2020 - 17:07

 

The HCM City Department of Justice office. Government workers have had their allowances cut amid dwindling public revenues to aid the COVID-19 fight. — Photo nld.com.vn

HCM CITY — The HCM City People’s Committee has decided to reduce government workers’ allowances by 33-50 per cent with retrospective effect from January 1 and add the money saved to relief packages meant for people directly affected by the COVID-19 pandemic.

Salaries are calculated by multiplying a base salary with a pre-determined salary co-efficient and adding allowances and bonuses.

The decision issued on Tuesday (April 21) makes cuts to the allowance co-efficient rate. 

The move seeks to help poor and unemployed people, who are likely to be severely affected, and support the military amid shrinking government revenues as a result of slowing economic growth.

The committee said that it would consider a return to old co-efficients after the pandemic is brought under control. — VNS

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