The National Union of Government and Federated Workers has negotiated a 2.6 billion dollar wage deal for daily rated public service workers.
President of the organization, Christopher Street explained that 40 percent of the arrears owed to workers will be paid in cash while 60 percent will be in non-cash.
He shared some of the factors of the non-cash options.
“And the elements, one, they would have brought back if you’re owing HDC you can use that to offset whether it’s arrears, whether it’s your current mortgage. so a person could apply that to their current mortgage and get a break from paying their mortgage. So that in itself is instant cash.”
Mr. Streete observed that although some employees lack a mortgage, they may still utilize the non-cash settlement method to make a home payment.
“This non-cash could be transferred. It is transferable. So if a workers doesn’t have a mortgage he can transfer it to someone who does, whether it’s his children, whether it’s his siblings, whether its his relatives, who ever. A stranger, who ever.”
He added that the non-cash element can also be used to pay tuition, allow a worker to go on leave and be paid.
Mr. Street also said workers who have already retired will receive 100 percent of their arrears in cash.