Aquino ‘inclined to approve’ P10,000 bonus-A A +A
Wednesday, November 30, 2011
MALACANANG said Tuesday that President Benigno Aquino III will “very likely” to approve the proposal of the Budget department to provide additional P10,000 bonus for all government employees.
Presidential spokesperson Edwin Lacierda said the national treasury already has sufficient fund for the productivity enhancement incentive (PEI) and the only factor lacking is the President’s approval.
"The productivity enhancement incentive bonus is already in the budget so it needs just the approval of the President and a formal legal mechanism by which to release the PEI," he said. "This is also in recognition of the sacrifices made by our government employees so that's something, I’m sure, that the President will look with approval."
If approved, Lacierda said the bonus will likely be released before December 15.
Citing a “stable fiscal situation,” Department of Budget and Management (DBM) Secretary Florencio Abad on Monday proposed that the P10,000 bonus will be shouldered entirely by the national government.
Under last year’s Administrative Order (AO) 3, the National Government only funded P7,000 of the amount while the remaining P3,000 came from the savings of the respective agencies.
Abad said his proposal would cost P11.68 billion and will benefit 1.67 million state workers.
The PEI is on top of the 13th month pay and the P5,000 Christmas bonus given yearly to government personnel.
Abad also said the DBM is already distributing the year-end bonus of government employees amounting to P27.82 billion starting November 15 up to November 30. Half of the amount has earlier been released to employees last May as mid-year bonus.
PEI will be granted to employees in the Executive branch, including those in government-owned or controlled corporations and financial institutions (GOCCs and GFIs).
Those entitled for the bonus are employees hired on a permanent, temporary, casual, or contractual status, and still active in the service as of November 30 of this year.
The full amount will be given for those who have rendered at least four months of service.
For GOCCs and GFIs, the amount will be charged against the savings of government firms, whether in full or partial depending on their sufficiency of funds. (Jill Beltran/Sunnex)