Wednesday, May 14, 2008

Cuba: Wages and benefits rise

From PWW
Author: W. T. Whitney Jr.

Cuba’s government announced that starting May 1, virtually all pensioners will receive increased monthly social security payments of up to 40 pesos and that families with reduced income due to sickness, death, maternity, or disability will experience a 20 percent benefit hike.

Juventude Rebelde also reported that almost 10,000 court and prosecutorial workers will receive monthly pay increases ranging from 211 to 425 pesos.

In 2005, pay was upped for more than five million workers, retirees, and other social security recipients. The government emphasized that future pay increases will depend upon overall economic conditions, identification of prioritized work sectors and trends in aging of the population as affected by advancing life expectancy and decreased births.

World Notes are compiled by W.T. Whitney (atwhit@ roadrunner.com).

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