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(NAR) VOL. 14 NOS. 1-2 / APRIL - JUNE 2003
[ DBM BUDGET CIRCULAR NO. 2003-02, January 01, 2003 ]
LIBERALIZATION OF THE RULES AND REGULATIONS ON THE PAYMENT OF YEAR-END BONUS AND CASH GIFT
To liberalize the rules and regulations on the payment of year-end bonus and cash gift authorized under Republic Act (RA) No. 6686 as amended by RA No. 8441 in consonance with the principle of equitable compensation and in the spirit of altruism.
2.0 Coverage
All officials and employees whether permanent, temporary or emergency in nature and contractual personnel whose employment is in the nature of a regular employee, appointive or elective, now existing or hereafter created in all national government agencies, state universities and colleges, government-owned and controlled corporations, government financial institutions and local government units.
3.0
Updated Rules on the Advance Payment of One-half (1/2) of the Amount of Year-end Bonus and Cash Gift covering 2003 and onwards.
3.1 All elective and appointive officials and employees may receive one half (1/2) of the amount of year-end bonus and cash gift in May, provided that they have rendered at least four (4) months of service, including leaves of absence with pay, from January 1 to April 30 of the given year, regardless of whether or not they will still be in service as of October 31 of the same year.
3.2 Payment of the authorized benefits shall be made not earlier than May 1, and should be paid not later than May 31 of the particular year.
4.0
Pro-rated Share of the Remaining Balance of Cash Gift
4.1 All government personnel who have rendered more than four (4) months of service in a given year before their retirement/separation from the service may receive a proportionate share of the remaining balance of the cash gift in addition to the benefit provided under Item 3 hereof.
4.2 The pro-rated share of the cash gift shall follow a twenty percent (20%) gradation for every month of service, in excess of the four months service requirement as follows:
Month of Retirement/Separation from the Service Percentage Amount May0% P0 June20% 500 July40% 1,000 August60% 1,500 September80% 2,000 October100% 2,500
4.3 Payment of the herein benefit shall be made within the month of retirement/separation from the service of the employee concerned.
5.0 Applicability of the Benefits
The benefit authorized herein shall riot be applicable to services rendered prior to 2003.
6.0 Funding Source
6.1 The funding source for the implementation of the benefit authorized herein shall be as follows:
6.1.1 For NGAs, the amount required shall be charged against the approved appropriations for the purpose under the annual General Appropriations Act and any deficiency thereof shall be charged against available savings of the agency;
6.1.2 For GOCCs/GFIs, the amount required shall be charged wholly from their respective corporate funds; and
6.1.3 For LGUs, the amount required shall be charged wholly from their respective local funds.
7.0 Saving Clause
Cases not covered by the provisions of this Circular shall be submitted to the Secretary of Budget and Management for resolution.
8.0 Rescinding Clause
All circulars and other issuances that are inconsistent with the provisions of this Circular are hereby rescinded or superseded accordingly.
9.0 Effectivity
The provisions of this Circular shall take effect January 1, 2003.
(SGD.) EMILIA T. BONCODIN
Secretary