Tuesday, 18 May 2010

DBM releases P7.6 billion for mid-year bonus

Includes cash gift to government workers
By CHINO S. LEYCO
Manila Bulletin
http://mb.com.ph/articles/257760/dbm-releases-p76-billion-midyear-bonus

The Department of Budget and Management (DBM) said Monday that government workers should already be receiving the first half of the year-end bonus and cash gift by this time as it released P7.6 billion.

“As in the past years, the grant of these benefits is timed with the pre-opening of classes as government’s way of assisting employees in paying tuition fees and other school requirements for their children,” Budget and Management Secretary Joaquin C. Lagonera, said.

Lagonera said that Budget Circular No. 2010-1, which spells out the guidelines for the grant of year-end bonus (YEB) and cash gift, has already been issued and that funds for the purpose have been released earlier.

“The DBM has released P7.6 billion in funding requirements for the payment of the said benefits as part of the first semester cash release program to national government agencies,” Lagonera said.

With the issuance of the implementing guidelines, the budget chief assured the more than one million government workers that their agencies could already pay the first half of their YEB and cash gift for the year starting May 1.

Under the circular issued by the DBM, local government units (LGUs), government financial institutions (GFIs) and government owned and/or controlled corporations (GOCCs) are authorized to source the payment for these benefits from their respective local or corporate funds.

Qualified elective or appointive barangay officials and employees are also entitled to receive one-half of the YEB and cash gift based on honorarium rates, subject to the Personal Services (PS) limitation of local government budgets. Lagonera clarified however that the payment of the one-half of the minimum YEB of P1,000 for the Punong barangay and P600 each for the mandatory barangay officials, and their cash gifts are exempt from the enforcement of the PS limitation.

However, the PS limitation would apply to the payment of YEB and cash gift over the foregoing prescribed minimum amounts, which may be granted to other employees of higher level LGUs.

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