DBM: mid-year bonus for government employees to be released on Monday

source - www.gov.ph 

The Department of Budget and Management (DBM) said that mid-year bonuses for government workers will be released on Monday.

The DBM said that it has released to various government agencies the Special Allotment Release Order and the Notice of Cash Allocation for the mid-year bonus.
"The funding requirement for the Mid-Year bonus amounts to P31 billion, based on data on the number of filled positions in the Government Manpower Information System as of April 30, 2016," the DBM said in a statement on Sunday.
Under Executive Order No. 201, President Aquino granted a mid-year bonus equivalent to one month basic salary to all positions for civilian and uniformed personnel of the government.
Government employees who have an aggregate service of four months from July 2015 to May 15, 2016 are eligible to receive mid-year bonus.
"Those with less than four months of service, or those that are no longer in the service as of May 15, shall not be entitled to the bonus," the DBM said.
"For government employees who have rendered at least a total or an aggregate of four months of service, but have not yet received a performance rating by their respective agencies, the DBM urged agencies to conduct a performance evaluation of these personnel for the grant of mid-year bonus," it added.
The DBM reiterated that all government agencies are required to conduct performance evaluation twice a year or once every semester.
The DBM, meanwhile, said that for government-owned and -controlled corporations the governing board shall determine the grant of the bonus charged against approved corporate operating budgets.
"If funds are insufficient, they may grant at lower rates but at uniform percentage of the basic monthly salary as of May 15," it said.
Local councils, meanwhile, will determine the grant of the mid-year bonus for employees of local government units.

Source: gmanetwork.com

No comments

Template images by Jason Morrow. Powered by Blogger.