Rate set for civil servants USD bonuses

Online Desk |  1 year ago | top

Civil servants will have their US dollar bonuses calculated on the conversion rate of $97,1361 to the US dollar, the rate existing when the decision was made.

The bonus will include the total of the basic salary, housing allowance, and transport allowance, civil service union leaders announced yesterday.

The maximum paid in US dollars is US$700, with anything over that paid in local currency.

With the exchange rate being used, this means that everything in the combined figure up to $67 995.27 will be paid in US dollars.

In a statement after Monday's National Joint Negotiation Council meeting, Zimbabwe Confederation of Public Sector Trade Unions president Ms Cecilia Alexander said the bonus will be deposited into the civil servants’ Nostro accounts, which every public servant has, and will be accessed as US$ and the back dated bank charges will be dealt with by monetary authorities.

The bulk of civil servants will start receiving their US dollar bonus payments this week, with most expected to be paid this month while the rest are expected to receive their money before the end of the year.