Brunei: Twice-a-month salary payment from today
BANDAR SERI BEGAWAN (Borneo Bulletin/ANN) - Officers and staff of the Prime Minister’s Office (PMO) and the Ministry of Finance (MoF) will receive the first half of their January salary today as part of the newly introduced twice-a-month salary payment system.
The other half of the salary will be issued on January 27, according to the Ministry of Finance (MoF). In February, the first half of the salary will be paid on February 12 and the second half will be distributed on February 27.
In the preliminary stage, the twice-a-month salary payment project is to be piloted at the PMO and the MoF. This is to enable the Treasury Department to evaluate and review feedbacks on the implementation of this programme before extending it to other ministries and agencies.
According to MoF, the rationale behind the twice-a-month salary payment is to increase the effectiveness of cash flow management of officers and staff to finance their daily expenses, facilitate spending planning, help sustain commercial and economic activities in the country and make the domestic economy more resilient.
The net salary will be divided into two, half of which will be paid in the middle of the month and the other half will be paid at the end of the month. Payroll slips would still be issued once a month, which is during the first payment of wages during the month. Deductions will also be divided into two.
The implementation of this initiative will initially involve all officers and staff under the PMO and the MoF who hold permanent, contractual, monthly, open-vote and daily-paid status.
The project will be extended to other ministries at a later date. However, the annual bonus will be paid as normal at the end of December, the MoF said.
The MoF also said that in ensuring the successful implementation of this pilot initiative, banks will divide deductions into two for all personal loans, mortgages, vehicle purchase loans and any other loans.
Any bank claim paid separately through Over the Counter (OTC) and credit cards will be handled by the staff themselves.
A government officer said, "As it is a pilot project, one must be honest in giving feedback. Basically, the salary remains the same and people will not get broke in the middle of the month and there would be money available. I hope such efforts will bear fruits."
Meanwhile, another officer commented, "Changes may sound difficult to take at this initial stage, but we will get used to it sooner or later. It would not affect those with bigger salary much, but for those with smaller salary and loan deductions, it will have an impact."