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Additional NHT benefits to public servants kicks in
2013-09-02 14:32:44 | (0 Comments)
Public sector workers have begun to receive additional benefits under the National Housing Trust (NHT).
Civil servants have been granted a 15 per cent discount on peril insurance premiums on their NHT mortgages.
They are also benefiting from a 15 per cent discount on NHT standard insurance rates for the period through to March 31, 2017.
These benefits took effect yesterday.
The discounts in insurance payments will reduce the mortgages of public sector workers.
Public sector workers are already benefiting from one per cent reduction in interest rates and changes in how their contribution refunds are applied.
The suite of benefits was granted by the government to ease the economic burden on those civil servants who have signed on to the four-year wage freeze.
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Source: The Gleaner/Power 106 News
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