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Streets Full of Cash Beginning
Today
Beginning not later 10:00am,
more than ¢98.000.000.000
colones (us $190 million
dollars) will hit the streets as
employees of the central
government receive their annual
"Aguinaldo".
Employees of government agencies
and autonous institutions like
the Instituto Costarricende de
Electricidad (ICE) are not
counted in today's payment as
those agencies and institutions
pay their employees from their
respective budgets, according to
the Ministerio de Hacienda
(Revenue and Finance ministry).
The Aguinaldo is paid to all
employees, both public and
private, which is equal to not
more than one months pay for
work during November 1, 2005 and
November 30, 2006.
The Aguinaldo is calculated as
taking the total of all pay
during the 12 month period and
dividing it by 12 and is to be
paid by not later December 20 or
face fine by the Ministerio de
Trabajo (Labour ministry) if and
when employees file a charge
against their employer.
Many will have already spent
their Aguinaldo as for months a
number of retailers were
offering purchases on credit
using the Aguinaldo as a
guarantee. A number will be
doing the wise thing and place
it in a savings account, as
banks are offering attractive
rates to lure the Aguinaldo
their way.
The Aguinaldo is also an
attraction for thieves that, for
some see this time of year as
their way of getting their
Aguinaldo. For that reason, the
Fuerza Pública and the Policía
Municipal de San José have
reinforced their patrols of the
downtown area, especially on the
Avenida Central between the
Central Market and the Plaza de
la Cultura; Avenida Segunda,
around the Parque Central; and
the area around the Correos de
Costa Rica, three major areas
where a large number of
pickpockets and assaults occur.
The areas around the Automated
Teller Machines in the downtown
core will also see a special eye
from the police as the
government makes direct deposit
into employee accounts and the
majority use ATM's to withdraw
their Aguinaldo.
Some common sense rules in
walking the streets of downtown
San José in the next couple of
days is not to go unless you
really need to, that in addition
to the criminals, there will be
a lot of people doing their
holiday shopping and don't carry
cash, use plastic to make your
purchases.
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