NLD lawmakers to forfeit bonus, take pay cut for party

NLD lawmakers to forfeit bonus, take pay cut for party



YANGON: -- The National League for Democracy (NLD), which on Monday entered Parliament as the new ruling party, has implemented a sweeping donation policy to raise party funds, The Irrawaddy reported.

Outgoing NLD lawmakers have agreed to donate the entirety of their “party pension,” a state-funded gratuity paid for their time served in Parliament, to a party fund. The previous assembly approved a 5 million kyat payout for exiting lawmakers, though NLD members—along with others who only served since a 2012 by-election—will receive 3 million.

Apart from the gratuity, lawmakers have also agreed to give up a percentage of their salaries to the party fund.

In November, just after the NLD’s landslide electoral victory, Suu Kyi told her party’s MPs-elect that they could expect a drastic reduction in salary—somewhere between 25 and 50 percent.

“Anyone in the top positions will see a 50 percent pay cut,” she said, according to a party member present at the meeting. This means that Win Myint, who yesterday was appointed as Speaker of the Lower House, will likely see his salary dive from 3.5 million kyats to 1.75 million.

Some of the extra funds are to be used to pay for party offices, which previously relied on donations from supporters.

Sources have also suggested that Suu Kyi plans to limit speakers to one car; current law allows up to four.

Source: http://englishnews.thaipbs.or.th/content/149264

-- Thai PBS 2016-02-03