Accounting 101 · 20 Dec 2018 0

Are employees who died/retired during the year entitled to CNA Incentives?

It depends on the internal guidelines agreed upon by the Employees’ Organization-Management Consultative Committee.

Pursuant to Item 5.0 of Budget Circular No. 2018-5 dated November 14, 2018, an Employees’ Organization-Management Consultative Committee (Committee, for brevity) or a similar body composed of representatives from management and the negotiating agent shall determine if the agency is qualified for the grant of CNA Incentive based on compliance with the requirements under this Circular.

If qualified, the Committee shall review the agency’s financial records and submit recommendations on the internal guidelines to be followed in the grant of the CNA Incentive, such as: (i) the specific criteria for determining who are entitled; and (ii) the distribution of the amount available and the rate of the CNA Incentive in accordance with Item 4.2 of the Circular.

[READ: Guidelines on the grant of CNA Incentives for FY 2018]

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