1. Scope of the Plan–The Position and Compensation Plans for the Agricultural/Promotional/Trading group shall apply to the following corporations:Agricultural Credit Administration
Cooperatives Development Loon Fund
Export Development Corporation
Natioanl Grains Authority
Philippine Coconut Authority
Philippine Convention Bureau
Philippine Cotton Corporation
Philippine Fish Marketing, Authority
Philippine International Trading Corporation
Philippine Shippers’ Council
Philippine Tobacco Administration
Philippine Virginia Tobacco Administration2. Position Classification – Positions shall be classified by the Ministry of the Budget on the basis of the national classification and pay plans. The position classification plan for each of the corporations in the agricultural/Promotional/Trading Group shall be determined on the basis of duties and responsibilities.
3. Compensation Schedule – The schedule attached to this Letter shall comply the compensation schedule applicable to positions paid on monthly or annual basis.
4. Salaries for Top Taroo Management Positions – The compensation of the executive positions in a corporation shall depend upon the asset size of the corporation and upon its overall financial performance. The maximum levels of basic salary for the top positions in the largest corporations shall be as follows:
President/General Manager/Head | P82,000 |
Senior Deputy General Manager | 73,000 |
Deputy General Manager | 66,000 |
Provided, That salaries actually being received by any official in excess of these rates may continue, subject to item no. 6 hereof.5. Maximum Level of Allowances and Benefits – Existing policies on allowances and other benefits now in force for each corporation shall be maintained.
6. Implementing Details – Details for implementing the Position and Compensation plan shall be issued by the Ministry of the Budget, which shall observe the following guidelines:
a. The increases shall be staggered within the limits of corporate financial performance. No government subsidy or equity investment shall be approved to finance any salary increase.
b. The implemented total increase in basic salary, allowances and fringe benefit in any one year shall not exceed twenty five percent (25%) of the actual total personel services expenses of the immediately preceding year, adjusted for increases in staffing;
c. An across the board increase of ten per cent (10%) in basic salary shall be immediately implemented for the various corporations, except for senior executive positions where existing scales exceed those indicated by item no. 4 of this Letter. This shall be considered as an interim measure pending the completion of the study described under Item No. 2 hereof;
d. The allowances and/or fringe benefits of senior executive whose basic salary already exceed those specified in item no. 4hereof may be increased to make up for any difference between actual compensation now received and the amount otherwise ‘authorized under this Letter;
e. Hiring rates for positions shall be established for each corporation, depending upon its size and profitability;
f. The implementation schedule for corporations incurring a loss in 1970 shall be prepared by the corporations concerned hand inland with a profit plan and shall be subject to case to case approval by the Ministry of the Budget; and
g. Any changes in the approved position classification and pay plans, including reclassification action, shall be subject to the approval of the Minister of the Budget.
7. Effectivity Date – The Position Classification and Compensation Plans herein directed shall take effect on May 1, 1979.
Done in the City of Manila, this 1st day of October, in the year of Our Lord, nineteen hundred and seventy-nine.
(SGD.) FERDINAND E. MARCOS
President of the Philippines
By the President:
(SGD.) JACOBO C. CLAVE
Presidential Executive Assistant