Except as stated in Schedule 2.1 (e) and as stipulated in the MCP agreements (as defined below), there are no rights of prevention, conversion or other rights, options, options or agreements granted by a subsidiary for the acquisition or acquisition of shares of a subsidiary or other securities, or for which rights to subscribe shares are granted or issued. The MCP designation contract and the MCP service contract are collectively referred to as „MCP agreements“ in this agreement. The Senior Permanent Secretary, Mario Cutajar, noted that, in the past, a new public service collective agreement was signed about two years after the previous function expired, but that the current contract was signed only four months after the previous contract expired. He said that there was a lot of expected from public servants – enough to mention key indicators, more efficiency and less bureaucracy – and this collective agreement pays tribute to the efforts of these workers. Today, a new collective agreement has been signed for public service employees. This is the fifth collective agreement for public servants, but the first for an eight-year period. The goal is to ensure greater stability, while the public administration continues to implement the necessary changes, invest in human resources and provide quality service. The new agreement amounts to about 30,000 employees and represents an effort of 17 million euros for 2017 and will increase to 20.5 million euros by 2024. These include increasing wages and certain allowances. The agreement provides for an increase in the salaries of public administration staff from the first year of its entry into force. This increase amounts to about 16.5 million euros in the first year and will reach about 20 million euros by the expiration of the agreement.
The agreement also ensures that workers who continue to work after reaching retirement age do not lose their right to early retirement leave, but can now benefit from it after retirement. Workers who work shifts receive a change in their shift work allowance. Workers who have a necessary additional qualification for their duties benefit from an increase in the qualification allowance. This goes hand in hand with the public administration`s vision of further improving the skills of its workforce. This objective is also achieved by the Institute of Public Services, which today is not only a training centre for public administration staff, but also a legal entity created in partnership with the University of Malta and MCAST.