The Salary and Remuneration Commission (SRC) on Thursday, July 18, froze salary review for all other public officers for the Financial Year 2024/2025.....CLICK HERE TO READ THE FULL ARTICLE>>>
SRC announced that this was due to financial constraints that had resulted after President William Ruto declined to sign the Finance Bill, 2024, into law.
“The Salaries and Remuneration Commission (SRC) has deferred the implementation of the salary review for all other public officers in the financial year 2024/2025 until further notice, contingent upon the availability of funding,” a statement from SRC read in part.
“This decision is informed by there being no allocated budget for the implementation of the advised remuneration and benefits for all other public officers for the financial year 2024/2025, which was to take effect in July 2024.”
Following the financial difficulties facing the country, SRC announced that it had initiated dialogue with the National Treasury so as to ensure the fiscal sustainability of the public compensation bill.
Additionally, SRC announced that no additional funding would be provided for implementation of the job evaluation results in the 2024/25 financial year.
“Annual salary notch adjustments in existing salary structures, as advised by SRC, will continue to be applied within budget allocation,” SRC directed further…CONTINUE READING>>
