The Ministry of Finance announced today that public officers and teachers will receive an eight percent (8%) salary increase, totaling approximately $38 million, effective July of 2015 retroactive to April 1st, 2015. A press release says that this increase in salary is separate and apart from the 2% annual increment which is given to public officers and teachers on the basis of merit. The salary increase stems from the Collective Bargaining Agreement signed in February of 2014 between the Government of Belize and the unions representing public officers and teachers (PSU, BNTU, APSSMBZ). The Collective Bargaining Agreement established a framework, a part of which is a salary increase every year for three years commencing in 2014. Last year, public officers and teachers received a six percent (6%) salary increase.