The Government Information Agency (GINA) said the agreement involving a multi-year package (2006 to 2010) was signed on October 11, 2006 and catered for a five per cent per annum across-the-board increase for all categories of teachers and one per cent of the wage bill as a performance-based increment per annum for eligible teachers.
The agreement included increased remuneration for teachers who have improved their qualifications, an annual clothing allowance of $6,000 per teacher, one-off duty-free concessions for vehicles for 100 head teachers per year, a housing revolving fund of $40M per year from 2006-2010, that is, $200M by 2010 to facilitate construction of houses for teachers. It also included 25 government-sponsored scholarships per year for teachers at the University of Guyana.
