Reminders in Relation to the Release of FY 2024 SRI

Reminders in Relation to the Release of FY 2024 SRI

1.0. This refers to the attached Administrative Order (AO) No. 27 dated December 12, 2024, entitled Authorizing the Grant of Service Recognition Incentive to Government Employees for Fiscal Year 2024, which authorizes the grant of a one-time Service Recognition Incentive (SRI) for FY 2024 at a uniform rate not exceeding Twenty Thousand Pesos (P20,000.00) for each qualified employee of the National Government.

2.0. Please be informed that DepEd shall provide a rate of Twenty Thousand Pesos (P20,000.00) SRI per eligible employee.

3.0. In relation thereto, this is to provide the following reminders on the release of the same:

3.1 For Regional Offices with Land Banks of the Philippines (LBP) Monthly Disbursement System (MDS) accounts, the DepEd Central Office (CO) will transfer cash through a Notice of Transfer of Allocation (NTA):

3.2 For non-LBP MDS accounts, the Department of Budget and Management (DBM) Regional Office will release the cash to your respective MDS accounts; and

3.3 The SRI shall be paid through the respective ATM payroll accounts of the eligible employees.