Tuesday, 2nd September 2014

Click Icon to Share this post

Share

 

MANILA – Budget Secretary Florencio Abad on Monday proposed an additional holiday bonus of P10,000 for 1.67 million government employees, in the form of a productivity enhancement incentive (PEI).

The proposal is estimated to cost P11.68 billion. This is in addition to the half of the regular year-end bonus (or 13th month pay) and cash gift of P5,000, which was already given to government employees from November 15 to 30.

"Our improved expenditure and deficit management will allow the national government to authorize the grant of additional bonus to government personnel on top of what they regularly receive," Abad said.

The total year-end bonus amounts to P27.82 billion, and half of which was released to employees in May as a mid-year bonus.

The government will shoulder the P10,000 PEI in full. This is unlike in the past when P7,000 would be funded by the national government and the rest from savings of respective agencies.

"Under this policy, there are agencies who cannot provide their P3,000 share in full or in part, to their employees due to insufficient savings. To be fair to all employees, we are proposing that the full P10,000 will be given to them through the national government," he said.

The Department of Budget and Management has already submitted to President Benigno Aquino a proposed administrative order, where employees in the Executive Branch, including those in government-owned or controlled corporations and financial institutions will be granted a one-time PEI of P10,000 each.

Employees, whether on permanent, temporary, casual or contractual status and active as of November 30, will be eligible to get the PEI. The full amount will be given for those who have had at least 4 months of service as of that date.

Employees in the Legislative and Judicial branches and other offices with fiscal autonomy, may be given the PEI bonus at rates not exceeding P10,000. This will be chargeable to their respective available savings.

For local government units, the PEI bonus for employees may be determined by the Sanggunian depending on their financial capability. (abs-cbnNEWS.com)

 

Opinion new Banner
Click image for full view
The effect of ME Law enforcement on education, employment and safety

September 02,2014 12:58 AM

By: Dr. Rex Casiple

THE latest survey conducted on 25 higher education institutions (HEIs) in Western Visayas offering engineering programs showed that the engineering discipline ranked 5th among the 10 disciplines in higher education in terms of enrolment.

Out of four traditional engineering programs, Bachelor of Science in Mechanical Engineering ranked 3rd in terms of enrolment and graduates. Read more...

Rain in Spain

September 02,2014 12:56 AM

By: Modesto P. Sao-noy

“THE rayn in Spayn staiys maynly in the playn”. Remember this cockney English in the musical “My Fair Lady” and the tongue twisting comedy? Well, the rain in Spain did not stay mainly in the plain. It did not rain in Spain at all. It was all sunny there last week and the roar was not from the thunder but the voices of football fans. Read more...

Transition curve?

September 02,2014 12:54 AM

By: Juan L. Mercado

BRAZIL today loses less than 6,000 square kilometers of forests – down from 20,000 a decade back, the Economist reports. It spearheads the Amazon Region Protected Areas which is 20 times Belgium’s size. This is the “transition curve, a turning point in a seemingly irreversible deforestation.”  Read more...

Widow’s Mite Village by Jake

September 02,2014 12:52 AM

By: Lucell Larawan

A VISIONARY friend from San Diego California, Jacob “Jake” R. Quimpo, enlightened me with his philanthropic project—the Widow’s Mite Village. The concept comes from the Biblical allusion in Luke 21: 1-3 which tells of Jesus commending a widow for giving in the temple treasury all she had to live on.  Read more...

‘I can forgive but I can’t forget’

September 02,2014 12:50 AM

By: Alex P. Vidal

“Mistakes are always forgivable, if one has the courage to admit them.” – Bruce Lee

WHAT happened to Virgilio Orquiola early morning on August 31, 1996 or 18 years ago will forever be etched in his memory. Read more...

Negros News New Banner
Sports News New Banner
Business News New Banner
Community Events new Banner
About Us New banner
SM ad
Foreign Exchange New Banner
order Newspaper New Banner
Order newspaper
interval banner
Cebu Pacific for Local