Pursuant to Budget Circular No. 2016-4 from the Department of Budget and Management, dated April 28, 2016, entitled Updated Rules and Regulations on the Grant of the Year-End Bonus and Cash Gift for FY 2016 and Years hereafter, the payrolls, certification, and hash totals (3 copies each) for the payment of Year-End Bonus & Cash Gift shall now be prepared by the schools in his Division based on the following guidelines:
6.1 The Year-End Bonus equivalent to one (1) month of basic salary pay as of October 31 and Cash Gift of P5000 shall be given to entitled nationally paid government personnel under REGULAR or PERMANENT STATUS not earlier than November 15 of the current year, subject to the following conditions:
6.1.1. Personnel has rendered at least a total or an aggregate of four (4) months of service from January 1 to October 31 of the current year, and
6.1.2. Personnel remains in the government service as of October 31 of the same year.
6.2 Those who have rendered at least a total or an aggregate of four (4) months of service from January 1 of the current year but who have retired or separated from the government service before October 31 of the same year shall be granted within the month of retirement or separation, a pro-rated share of the: a.) Year-End Bonus on the monthly basic pay immediately preceding the date of retirement or separation; b.) Cash gift of P 5000 as follows:
Those who have rendered a total or an aggregate of less than four (4) months of service from January 1 to October 31 of the current year and are still in government service as of October 31 of the same year, shall be entitled solely to a pro-rated Cash Gift pursuant to Section 2 of RA No. 8441, as follows:
The Year-End Bonus and Cash Gift of personnel on detail with another government agency shall be paid by the parent agency, while those on secondment shall be paid by the recipient agency.
The Year-End Bonus and Cash Gift of personnel transferred from one agency to another shall be paid by the new agency.
MORE GOOD NEWS FOR TEACHERS (READ HERE)
Processing and Payment of Year-End Bonus and Cash Gift CY 2023
Reviewed by Teachers Click
on
November 06, 2023
Rating:
No comments: