Page 19 - Microsoft Word - REVIEWED ABBA GLOBAL HANDBOOK FOR STAFF

 Basic
 Housing Allowance
 Transport Allowance
 Utility Allowance

7.4 ENTRY SALARIES
New employees with little or no work experience are placed on the first step of their
appropriate grades, however, candidates with many years of experience may be offered
salaries based on their years of experience, skills and other relevant factors. Such
employees will be placed between the minimum and maximum hiring rate of their
appropriate grades.

SECTION EIGHT
8.0 EMPLOYEE BENEFITS
Staff at SIS are provided with a wide range of benefits. Benefits eligibility is dependent
upon a variety of factors, including employee classification. The following benefit
programmes are available to eligible staff.

8.1 PERSONAL LOAN
The school does not grant personal loans to staff members. All confirmed staff can apply
for loan through the school’s designated bank. However, the amount to be granted is
subject to the approval of the bank and only staff with current account can apply for loan.

8.2 GRATUITY/PENSION SCHEME
Based on the Pension Reform Act, 2004, the right to gratuity has been abolished. Under
the Act, the only group of workers who have unequivocal entitlement to gratuity are the
groups exempted from the Act. The school shall abide with the new pension reforms. At
the end of every month, it shall remit 18% of the total sum of an employee’s housing,
transport and basic allowances to his/her Pension Fund Administrator (PFA). 8% of the
above sum shall be contributed by the employee while the balance of 10% shall be funded
by the employer. Under the new Pension Reform Act 2014, no employee would be able to
access his/her pension fund (savings) except he/she attains retirement or attains the age of
50.

8.3 FRINGE BENEFITS
8.3.1 Annual leave
Only confirmed staffs are entitled to one month annual leave, which must be observed
only during school holiday. Any staff who wishes to proceed on leave during a proceeding
holiday must indicate and apply for the leave at the beginning of the term.
Note that all teaching staff are allowed to go on two weeks break immediately the school
vacates except those on leave, in which case they will be excused for the period approved.
Meanwhile, all administrative staff are expected to report to work after vacation except
those on leave.