Gov’t employees to receive Christmas bonus, cash gift on Nov. 15
Posted 4 years ago
|Families flock to Rizal Park to celebrate Christmas Day.|
MANILA, Philippines — Government workers nationwide will receive their 14th month pay, or Christmas bonus, and cash gift starting November 15, the Department of Budget announced on Wednesday.
The year-end bonus is equivalent to a full month’s salary, while the cash-gift amounts to P5,000, Budget Secretary Benjamin Diokno told reporters at a press conference.
The release of the year-end bonus and cash gift is pursuant to Budget Circular No. 2016-4, which mandates that the said incentives be given not earlier than November 15 of the current year to qualified personnel who satisfied the following conditions:
Those still in government service as of October 31 of the current year and with at least a total of four months of service from January 1 to October 31 of the current year; or
Those who have retired or separated from government service before October 31 of the same year and have rendered at least a total or an aggregate of four (4) months of service from January 1 of the current year, shall be granted pro-rated year-end bonus and cash gift, within the month of retirement or separation.
Under the law, the 13th month pay and other benefits, including productivity incentives and Christmas bonuses, are exempted from tax if they do not exceed P90,000.
On top of these bonuses, government employees can also look forward to receiving their Productivity Enhancement Incentive, which will be released starting December 15.