Economy
Regional Governments Implement Emergency Reserve Fund Deductions from Employee Salaries
Wazema · last week · Read the Full Story on Wazema
AI SUMMARY
Regional governments have established a mechanism to deduct between 0.5% and 2% from employee monthly salaries for an emergency reserve fund, despite such provisions being omitted from the final federal disaster risk management proclamation.
- Regional governments have established a mechanism to deduct between 0.5% and 2% from the monthly salaries of employees for an emergency reserve fund.
- A mandatory contribution from employee salaries was initially included in the draft of the Ethiopian Disaster Risk Management Proclamation but was omitted from the final approved version.
- The Benishangul-Gumuz region has opted for the highest deduction rate, deciding to withhold between 1% and 2% from employee salaries.
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