Saturday 1 April 2023

Legislators approve elimination of annuities for the next two years

Among the negative votes for the initiative were the five deputies who pledged to favor Célimo Guido's agenda

Paying the bills

Latest

Dollar will remain cheap during the first semester

QCOSTARICA - The exchange rate reports a decrease of...

Costa Rica has more than 200 homicides in less than three months

QCOSTARICA - With only a few days before the...

Farmers will march this Wednesday against government decisions towards the agricultural sector

QCOSTARICA - Farmers will hold a peaceful march and...

In Latin America, Heat Warnings Can Prevent Deaths

Q REPORTS (IPS) On March 9, 2023, more than...

Mexico-US border: Fire at migrant facility kills dozens

Q24N (DW) A fire that broke out at a...

Justin Trudeau and Joe Biden are missing the bigger picture about migrant border crossings

Q REPORTS - When Canadian Prime Minister Justin Trudeau...

Dollar Exchange

¢540.39 Buy

¢545.95 Sell

31 March 2023 - At The Banks - BCCR

Paying the bills

Share

The suspention of annuities was the first bill tackled by legislators in the new Legislative building

QCOSTARICA – The Legislative Assembly approved this Monday, in a second and final debate, a bill that will eliminate annuities for the next two years for public employees.

In favor of the initiative were 39 legislators, while 11 voted against it.

- Advertisement -

The Bill was one of those that legislators had left pending before going to recess.

Basically, the plan will prevent the annuities corresponding to the years 2021 and 2022 from being added to the salaries of public officials.

With this suspension, the State could save ¢67 billion colones (approx US$114 million dollars). The suspention applies to all employees of the Central Government and autonomous institutions.

The annuity is basically an extra payment on the base salary for each year worked and it is the salary incentive that consumes the most resources in the Government, with a cumulative effect that grows as time passes.

- Advertisement -
Paying the bills
Avatar photo
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Eight future legislators with pending cases before the Prosecutor’s Office

QCOSTARICA - On May 1, eight newly elected legislators (Spanish: diputados)...

The sloth takes a leap to become a national symbol

QCOSTARICA - Legislators on Wednesday approved in the first debate the...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.