GOOD NEWS! Early and Simultaneous Release of Year-End Bonus and Cash Gift

AMENDING SECTION 6.1 OF BUDGET CIRCULAR (BC) NO. 2016-4 ON PAYMENT OF YEAR END BONUS AND CASH GIFT

Under Item 6.1 thereof, the Year-End Bonus and Cash Gift shall be given to entitled government personnel not earlier than November 15 of the current year, subject to the prescribed conditions.

It has been observed that government personnel continue to experience delays in receiving bonuses and cash gifts, affecting their morale, motivation and level of job satisfaction.

Corollary, the streamlining of the payroll process of each agency will mitigate the internal and external causes of delay in the payment of the benefits. A streamlined process will increase productivity and efficiency, ensuring that the Year-End Bonus and Cash Gift will be granted on schedule.

Section 6.1 of DBM BC No. 2016-4 is hereby amended, as follows:

The Year-End Bonus equivalent to one (1) month basic pay as of October 31 and Cash Gift of P5,000 shall be given to entitled government personnel simultaneously with the first agency payroll for the month of November of the current year, subject to the following conditions.

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