Minister Of Finance Announces Payment Of 2% Cola To Subsidized School Teachers
PHILIPSBURG, Sint Maarten — The Minister of Finance, Marinka Gumbs, is pleased to inform subsidized school teachers that the long-awaited 2% Cost of Living Adjustment (COLA), which was granted to civil servants in September 2024, has been disbursed to subsidized schools as of last week, and it is now the responsibility of the schools to ensure that these payments are made to the teachers.
The Minister empathizes with the challenges faced by subsidized school teachers due to the delayed payment of the 1% vacation allowance increase, the 1% COLA paid out in December 2023 to civil servants, and the recently disbursed 2% COLA indexation Read more
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