TurksandCaicosIslands – December 10, 2020 – TCIG PRESS RELEASE – The Turks and Caicos Islands Government is pleased to advise of the approval of the Public Financial Management (Special Christmas Advance) (Temporary Provisions) Bill 2020 which was approved by the Cabinet and subsequently the House of Assembly to facilitate the payment of an interest free Christmas Advance to all interested Civil Servants.
The Turks and Caicos Islands Government has for the past two decades
and beyond, always provided its staff with some form of a Christmas
Advance/Loan Program.
In 2011 TCIG regrettably ceased the direct offering of the
program itself due to fiscal constraints. However, a partnership was
entered into with the local financial institutions to offer a program to staff
at commercial interest rates.
In 2019 TCIG reinstated the direct offering of an interest free
Christmas Advance to its staff on more favorable terms than in the past as the
previous programs only allowed a maximum payout of $2,000 while the new program
allows staff up to a maximum of their basic monthly salary.
Some 1,148 civil servants benefited from the 2019 program at a
cost of $2.9m to the Turks and Caicos Government with a payback rate of over 99%
demonstrating its great success.
Commenting on the program Deputy Governor Anya Williams
said: “We are pleased to once again offer our staff an interest
free Christmas Advance Program this financial year.
Civil servants have worked tirelessly throughout the past few
months during the pandemic to ensure that service continued to be delivered to
persons across the Turks and Caicos Islands in a highly difficult
environment.
They have done an excellent job in responding to the pandemic by
working to keep us safe and healthy, ensure that revenue continued to be
collected, expenses continued to be paid, our borders were able to be reopened,
our streets continued to be policed and maintained and our children continued
to receive instructional learning through our online learning platforms, among
other areas.
We are grateful for their continued dedication and commitment
and will continue to do our best to improve the social, economic and physical
well-being of civil servants across the TCI by continuing to establish policies
and programs to their benefit.”
Premier Sharlene Cartwright-Robinson in commenting
said: “Notwithstanding the fiscal challenges around the world at
the moment, my Government is pleased to once again facilitate an interest free
Christmas Advance program for the civil service this year.
We know that this has been a very difficult year for many
persons, including persons in the civil service who while receiving their full
salaries during the pandemic may still have been impacted by other means due to
loss of income by other family members.
Having prioritized our finances, we have as a government sought
during the pandemic to provide much needed support to persons across the Turks
and Caicos Islands through our Stimulus, Business Grant, Feeding and other
assistance programs and will continue to provide support and assistance where
necessary to all persons possible, including those in the civil service.”