• Govt workers may receive 13th-mth pay this week

    0

    Government employees and officers will get the remaining half of their 13th month pay and cash gift for the Christmas season starting this week, the Department of Budget and Management (DBM) announced over the weekend.

    In a statement, the agency explained that under Budget Circular 2010-1 first issued on August 2010, government personnel are entitled to a year-end bonus equivalent to a month’s pay as well as a cash gift of P5,000.

    The budget circular covers civilian and uniformed personnel across all government departments and agencies, including regular co-terminus employees in government, it added.

    The DBM noted that government employees and officers first received half of their 13th month pay and cash gift last May. Under the circular, the first half of the bonus and cash gift should be given not earlier than May 1 and the remaining half not earlier than November 15.

    Funds for the bonuses and cash gifts for national government agencies are sourced from the 2014 National Budget.

    Government-owned or -controlled corporations and government financial institutions will tap into their corporate funds for the bonuses, while local government units will source their perks from local government funds, the budget agency said.

    “Funds to support the requirements of government personnel were released to the agencies at the very start of the year. The General Appropriations Act (GAA)-as-release-document ensures that funds are sufficiently available to the agencies from the very start, so that they can roll out the year-end bonuses and cash gifts at the appropriate time,” said Budget and Management Secretary Butch Abad.

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.