Capitol workers to get midyear bonus next week

• Source: http://www.philstar.com/cebu-news/2017/05/12/1699234/capitol-workers-get-midyear-bonus-next-week
• Friday, May 12, 2017 12:00 am

By Le Phyllis F. Antojado (The Freeman)

CEBU, Philippines - At least 1,500 officials and employees of the Cebu provincial government will get their midyear bonus, equivalent to their one month pay, next week, according to a Capitol official.

Danilo Rodas, the provincial budget officer, said all employees who rendered four months of service, whether continuous or aggregate and ending last May 15, are entitled to a full midyear bonus.

The Department of Budget and Management (DBM) Budget Circular No. 2017-2 issued on May 8 states that the midyear bonus would be given to personnel not earlier than May 15.

Rodas said the documents are now being processed by the accounting department to release the bonus on time.

He said the Capitol has allotted P30 million for this year’s midyear bonus.

The grant of a midyear bonus or “14th-month pay,” equivalent to one month basic salary, is mandated by Executive Order (EO) No. 201 that President Aquino signed last year.

EO 201 raised the salaries of civilian personnel and granted military and uniformed personnel new and increased allowances.