DBM: Mid-year bonus included in gov’t workers’ pay hike release this year | INQToday
Summary
TLDRThe 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.
Outlines
📈 Midyear Bonus and Salary Increase for Government Workers
The Budget Secretary, Amena Pangandaman, has announced that the midyear bonus for government workers will be integrated into the first tranche of their salary increase, which is set to be implemented this year. This disclosure follows the release of guidelines on the National Budget Circular and the Local Budget Circular by the Department of Budget and Management. The publication of these guidelines is expected soon, with the possibility of the midyear bonus being released as early as this month, contingent upon the readiness of government agencies. The first of the four tranche salary increases for national government employees is planned to start this year, retroactively from January 2024, with subsequent adjustments annually from 2025 to 2027. The existing personal services funds will be used to execute the salary adjustments, with any shortfalls to be made up by the miscellaneous personal benefits fund. This initiative was initiated by President Bong Bong Marcos, who signed the order for the salary increase and additional allowances for government workers on August 2.
Mindmap
Keywords
💡Midyear Bonus
💡Salary Increase
💡Budget Secretary
💡Department of Budget and Management (DBM)
💡Tranche
💡Retroactive
💡Guidelines
💡Publication
💡Government Agencies
💡Personal Services Funds
💡Miscellaneous Personal Benefits Fund
💡President
Highlights
Midyear bonus of government workers will be part of their salary increase.
Budget Secretary Amena Pangandaman discloses inclusion of midyear bonus in salary increase.
Department of Budget and Management releases guidelines on the National Budget Circular.
Expectation of publication release tomorrow.
Government agencies are to adjust retroactive January bonuses.
Funds for the salary increase will be released as early as this month.
First of four tranche salary increases for national government employees starts this year, retroactive from January 2024.
Yearly salary adjustments are planned from January 2025 to January 2027.
Existing personal services funds will be used for salary changes.
Shortfalls in salary increase funds will be covered by the miscellaneous personal benefits fund.
President Marcos signed the order for salary increase and additional allowance on August 2.
The release of the midyear bonus is contingent on government agencies' compliance with guidelines.
The salary increase aims to enhance the financial well-being of government workers.
The budget circular is a significant step towards implementing the salary increase.
The guidelines ensure a structured approach to the salary adjustments.
The salary increase is a response to the economic and living conditions of government employees.
The implementation of the salary increase is expected to boost morale among government workers.
The salary increase is part of a broader reform in government employee compensation.
Transcripts
the midyear bonus of government workers
will be included in the first Ranch of
their salary increase to be released
this year budget secretary amena
pangandaman discloses this after
announcing that the department of budget
and management has already released the
guidelines on the
race National budget circular local
budget circular so uh we expect that uh
publication I tomorrow but in the
meantime
guidelin government
agencies adjust retroactive from
January bonus the budget secretary says
the amount will be released as early as
this month depending on the government
agencies the department of budget and
management previously revealed that the
first of the four tranch salary
increases for national government
employees will start this year
retroactively from January 2024 and
followed by yearly salary adjustments
from January 2025 to January 2027
pangandaman says 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 on
August 2 president bong bong Marcos
signed the order for government workers
salary increase and additional allowance
once
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