State employees to receive higher yearend bonus
by Jemin B. Guillermo
Roxas City (6 November) -- Government employees in the country are assured of higher bonus this month.
Budget and Management Secretary Rolando Andaya Jr. said that the year-end bonus this year is higher because of the 10 percent salary increase.
"This year, the year-end bonus is higher owing to the consecutive 10 percent salary increases for government personnel the past two years," he stressed.
Andaya said that the DBM has already released some P11.6 billion representing one-half of the year-end bonus and cash gift for the more than one million government workers.
He pointed out that the release of the year-end bonus and cash gift will ensure that public workers will have something to tide them over the holidays.
Based on Budget Circular No. 2005-6 dated 28 October 2005, the rest of the year-end bonus should be paid not earlier than November 15 but not later than November 30 of each year.
Andaya said that government employees have already received one-half of their year-end bonus in the middle of the year.
The year-end bonus is equivalent to one month basic salary while additional cash gift is P5,000.
Entitled to the year-end bonus and cash gift are officials and employees of all national government agencies (NGAs), state universities and colleges (SUCs), government-owned and controlled corporations (GOCCs), government financial institutions (GFIs), and local government units regardless of the nature of their appointment, whether permanent, temporary or emergency in nature.
Contractual government workers who perform the functions of regular employees are also covered by said benefits, he said.
Andaya clarified that local government units, government financial institutions and government owned or controlled corporations are also authorized to source said benefits from their respective local or corporate funds.
He said that the release of the year-end benefits will help cheer up government employees, especially at this time of the year when they spend their time with their families to celebrate Christmas. (PIA) [top]