| FC 94/11
|
| FC 94/11
|
Ninety-fourth Session |
Rome, 8 - 12 May 2000 |
Changes in Salary Scales and Allowances |
1. The following levels for the Rome post adjustment classification were announced by the International Civil Service Commission (ICSC) from February 1999 to February 2000. Changes in the multiplier were for the most part due to currency fluctuation.
TABLE I |
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| Cost-of-living | Post Adjustment (Applying 4-month waiting period) |
||||
Month |
Index 1/1 | Month | Lire/Dollar | Index | Multiplier |
Exchange Rate |
|||||
| Oct. 1998 | 102.1 | Feb. 1999 | 1698.11 | 122.9 | 22.9 |
| Nov. 1998 | 102.1 | Mar. 1999 | 1756.20 | 116.4 | 16.4 |
| Dec. 1998 | 102.1 | Apr. 1999 | 1804.60 | 113.6 | 13.6 |
| Jan. 1999 | 100.6 | May 1999 | 1827.84 | 113.1 | 13.1 |
| Feb. 1999 | 100.7 | June 1999 | 1849.14 | 112.0 | 12.0 |
| Mar. 1999 | 100.8 | July 1999 | 1874.31 | 110.7 | 10.7 |
| Apr. 1999 | 101.0 | Aug. 1999 | 1512.35 | 114.0 | 14.0 |
| May 1999 | 101.1 | Sep. 1999 | 1851.07 | 111.9 | 11.9 |
| June 1999 | 101.1 | Oct. 1999 | 1827.84 | 113.1 | 13.1 |
| July 1999 | 101.3 | Nov. 1999 | 1843.33 | 112.3 | 12.3 |
| Aug. 1999 | 101.3 | Dec. 1999 | 1922.72 | 108.2 | 8.2 |
| Sep. 1999 | 101.4 | Jan. 2000 | 1926.59 | 108.0 | 8.0 |
| Oct. 1999 | 101.7 | Feb. 2000 | 1967.25 | 106.1 | 6.1 |
| 1/Index of
cost-of-living for international officials in Rome using a constant rate of exchange.
Please note that the index has been re-based effective 1 November 1995, date of the last
cost-of-living survey. |
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2. Based on Table 1, the following graph shows the variations in net salary, at P-4, step VI, due to the monthly fluctuations of the Italian lira versus the US dollar.
3. The corresponding monthly salaries in Italian lire and the effect of the local inflation on net purchasing power are shown in the following graph.
4. On the basis of a decision taken by the General Assembly at its Fifty-fourth session (1999), effective 1 March 2000, a revised scale of gross and net salaries will be implemented. The new scale reflects an increase of 3.42 per cent over the current scale (March 1999) and result from a consolidation of 3.42 per cent of multiplier points of post adjustment on a no-loss, no-gain basis. There will consequentially be an adjustment in the post adjustment index which will be promulgated in March 2000. The new scale also take into account revised staff assessment rates.
5. Since separation payment and the mobility and hardship allowance are based on the base/floor salary scale, the amounts of these payments will also be increased by the same percentage (3.42 per cent) as of 1 March 2000.
6. In line with the procedures for interim adjustments established by the ICSC and approved by the Council 1, an across-the-board 1.55 per cent net increase in salaries of the General Service staff came into effect 1 November 1999.
7. The annual pensionable remuneration was revised by the same percentage increase applied to the net salaries (the 1 to 1 interim adjustment procedure) and with effect from the same date.
8. In accordance with the current procedure, the annual net amount of the children's allowance was revised from Lire 1,797,000 to Lire 1,825,000. As this amount is lower than that in effect from 1 November 1997 (e.g. Lire 2,086,000 net per annum), staff members on board prior to 1 November 1998 and already in receipt of this allowance will maintain the higher amount until such time as future revisions produce a children'allowance equal to or higher than that in effect on 1 November 1997.
9. The annual amount of the first and second language allowances has been revised by the same percentage increase and with effect from the same date.
10. It is estimated that the financial impact of the above increase would be of 1 000 000 dollars for the current year at the budget rate of exchange of Lire 1,875.00 to US$ 1.
________________________________
CL 86/REP, para. 160 (b).
