*Rates of pay change within one hundred and eighty (180) after the signing of the Financial Management (FI) Collective Agreement. In accordance with Annex „E“ of the FI Collective Agreement, the rates before the change in wages are paid on a lump sum basis: the rates of pay change within one hundred and eighty (180) days from July 31, 2019. With regard to the implementation of retroactive and prospective changes in remuneration, rates are paid on a lump sum basis before the change in wages: PAM`s main task is to negotiate collective agreements in the private service sectors. Collective agreements set minimum working conditions such as remuneration, working time, sickness benefits and vacation pay. They shall lay down the minimum conditions which each employer must apply at least to all its employees. . . .