The Guyana Public Service Co-operative Credit Union (GPS-CCU) has signed an agreement with the Clerical Commercial and General Workers Union, for salaries and other conditions of employment for the Credit Union staff.
The agreement which was signed yesterday paves the way for a 5%, 10%, and 15% increase in salaries for workers for the year 2022 and a 15% across the board increase for 2023.
Other allowances and benefits to staff members have also been increased.
The agreement is retroactive to January this year and will run until February 2024.
Chairman of the Credit Union’s Board of Directors, Trevor Benn said the increase in salaries and benefits to the Credit Union staff was necessary, noting that the staff members have been going beyond the call of duty to serve members.
“It is our commitment to continue along this line, to ensure that our workers are properly compensated for their service,” Mr. Benn said during the signing.
The new Collective Labour Agreement (CLA), will also see for the very first time the introduction of paternity leave at the organization, making it the first organization to introduce paternity leave.
Under the agreement, expected fathers are entitled to the one-month leave, once per year, with full salary and other benefits.
The Credit Union which boasts over 20,000 public servants have been offering various loans to its members over the years.
Only recently the Credit Union introduced its mortgage and vehicle loans programme. Already the Credit Union has disbursed almost $200m for those new loans.