Proposal to correct the discrepancy in the net salary adjustment on 1 January 2001

At its meeting in March 2001, the Finance Committee took note of a discrepancy that had been identified in the net salary adjustment resulting from the increase in the scale of basic salaries on 1 January 2001, in the framework of the 5-yearly Review. The Finance Committee decided to take up the matter again at its meeting in June 2001 on the basis of a document by the Management containing background information on the discrepancy, it being understood that there would be no change to the 5-yearly Review package agreed by the Council in December 2000. In this document, the Management provides the background information requested by the Finance Committee. In the light of discussion at TREF on 18 May 2001, the Management now proposes to correct the discrepancy in the net salary adjustment with retroactive effect as of 1 January 2001, by increasing the scale of basic salaries and the scale of stipends by 0.3%. The Management invites the Finance Committee and the Committee of Council to recommend to Council to approve this proposal. Related costs will be covered inside the budgetary constraints decided in December 2000.