DBM: Mid-year bonus included in gov’t workers’ pay hike release this year | INQToday

Summary

The Budget Secretary Alena Pangandaman has announced the inclusion of the midyear bonus for government workers in their first tranche of salary increases, set to be released this year. The Department of Budget and Management has issued guidelines for the National Budget Circular and Local Budget Circular, with the publication expected soon. The bonus, retroactive from January, will be released as early as this month, depending on government agencies. The salary increase for national government employees, starting from January 2024 with yearly adjustments until 2027, will be funded by existing personal services funds, with any shortfalls covered by the miscellaneous personal benefits fund. President Marcos signed the order for the salary increase and additional allowance on August 2.

Takeaways

• 📢 The midyear bonus of government workers will be included in their salary increase for this year, as announced by Budget Secretary Amana Pangandaman.
• 📖 The Department of Budget and Management has released guidelines on the National Budget Circular and Local Budget Circular, with expectations of publication soon.
• 🗓️ The government agencies are expected to adjust the retroactive January bonus based on the new guidelines.
• 💰 The bonus amount is expected to be released as early as this month, depending on the government agencies' readiness.
• 📈 The first of four tranche salary increases for national government employees will start this year, retroactively from January 2024.
• 🔄 Subsequent yearly salary adjustments are planned from January 2025 to January 2027.
• 💼 Budget Secretary Pangandaman states that existing personal services funds will be used to implement the salary changes.
• 💡 Any shortfalls in the funds for salary adjustments will be covered by the miscellaneous personal benefits fund.
• 🏢 President Marcos signed an order for government workers' salary increase and additional allowance on August 2.
• 🔑 The implementation of the salary increase is a key initiative of the current administration to improve the financial well-being of government employees.

Q & A

What is the midyear bonus for government workers included in?

The midyear bonus of government workers is included in the first tranche of their salary increase to be released this year.

Who disclosed the inclusion of the midyear bonus in the salary increase?

Budget Secretary Alena Pangandaman disclosed this information.

What has the Department of Budget and Management released?

The Department of Budget and Management has released the guidelines on the National Budget Circular and Local Budget Circular.

When is the publication of the guidelines expected to be released?

The publication of the guidelines is expected to be released the day after the announcement.

Are government agencies expected to adjust the bonus retroactively?

Yes, government agencies are expected to adjust the retroactive January bonus as per the guidelines.

When will the first tranche of salary increases for national government employees start?

The first tranche of salary increases for national government employees will start retroactively from January 2024.

What is the timeline for the yearly salary adjustments following the first tranche?

The yearly salary adjustments will follow from January 2025 to January 2027.

How will the required salary changes be funded?

The existing personal services funds will be utilized to carry out the required salary changes, with any shortfalls to be covered by the miscellaneous personal benefits fund.

Who signed the order for government workers' salary increase and additional allowance?

President Bong Bong Marcos signed the order for government workers' salary increase and additional allowance.

What is the source of funds for the shortfall in the salary increase plan?

The shortfall in the salary increase plan will be covered by the miscellaneous personal benefits fund.

Is there a specific date mentioned for the release of the salary increase amount?

The amount for the salary increase is expected to be released as early as this month, depending on the government agencies.