The year end bonus of government employees is equivalent to their monthly basic salary as of October 31 of the current year. Provided they meet all the conditions setforth for the grant of the same.
As Gabbies (short term for government accountants, budget officers, treasurers, state auditors and public finance pips), we are often tasked with the responsibility of managing financial tasks that require a high level of precision, attention to detail, and patience.
In this article, we will explore essential strategies to help government accountants as well as other accountable officers avoid audit disallowances and maintain financial compliance with the Commission on Audit.
In this post we discuss the basic guidelines on the grant of loyalty pay to government employees, including the required government service in order to receive a ₱10,000 worth incentive and whether the loyalty pay is taxable or not.
10 Interesting Facts you Need to Know about the Anniversary Bonus of Government Employees
Soon, government agencies may no longer need to submit actual physical copies of disbursement vouchers (DVs) and financial reports to COA.
Watch It is again the time of the year where government employees will receive their well deserved year end bonus and cash gift. That is why it is but wise to learn again the guidelines so that we will all …
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The scope of Salary Standardization Law of 2019 is only until next year, 2023. Under the said law, the salary increase for government employees shall be implemented in four (4) tranches beginning January 1, 2020. This year, the implementation of …
Salary increase for government employees in 2024? Read more »
Watch 📚 Legal Basis Below are the existing legal bases for the grant of year end bonus to government employees: Budget Circular No. 2016-4 dated April 28, 2016 — Updated Rules and Regulations on the Grant of the Year End …