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GOVERNMENT WORKERS TO RECEIVE EARLY BONUS AND CASH GIFT — DBM

ImHenyo Writer
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Jessica
2024.10.26
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The Department of Budget and Management (DBM) has allowed the earlier release of government worker’s year-end bonus and cash gift as early as the first payroll of November 2024.

 

The DBM said Budget Secretary Amenah Pangandaman issued Budget Circular 2024-3, which facilitates the early release of the year-end bonus and cash gift of government workers. 

Government workers are set to receive early year-end bonus and cash gift to recognize their hard works according to the budget department (Photo courtesy of GSIS/DZRH News)

 

The budget circular amends Section 6.1 of DBM Circular 2016-4, providing guidelines that the year-end bonus and cash gift shall be given to entitled government personnel not earlier than November 15 of a current year.

 

The latest circular was amended to grant the year-end bonus of government employees  equivalent to one-month basic pay as of Oct. 31 and cash gift of P5,000 “simultaneously with the first agency payroll for the month of November of the current year.”

 

The amendment was issued following the observation that "government personnel continue to experience delays in receiving bonuses and cash gifts, affecting their morale, motivation and level of job satisfaction."

 

“On the first payroll of November, government workers will receive their year-end bonus and cash gift. Instead of the existing policy that the payment of these benefits shall not be earlier than Nov. 15 of the year, the qualified personnel shall be granted their respective year-end bonus and cash gift simultaneously with the first agency payroll for the month of November," said Pangandaman.

 

“Corollary, the streamlining of the payroll process of each agency will mitigate the internal and external causes of delay in the payment of the benefits. A streamlined process will increase productivity and efficiency, ensuring that the year-end bonus and cash gift will be granted on schedule,” the circular read.

 

According to Pangandaman the new release schedule for the cash gift and year-end bonus is an important way to recognize the hard work of government employees. “We want to ensure that they will receive their bonus on time so they would have a happy Christmas and that they would work harder on their jobs.”

 

The DBM Circular 2024-3 applies to all national government agencies, including constitutional offices, state universities and colleges (SUCs), government-owned or -controlled corporations (GOCCs), and local government units (LGUs).

 

 

Source: Philippine Daily Inquirer 

 

 

 

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