Monetization of Leave Credits

14 Sep 2022

How to compute monetization of leave credits?

Question/Topic: A national government employee, SG 19 (P49,835.00) requested to monetize his 30 days leave credits. The agency Accountant certified that there is available Personnel Services allotment to cover the request and the agency head approved the payment of the same. How much will the employee receive for his monetized leave credits? Answer The formula to compute monetization of leave credits can be found in Budget Circular No. 2016-2 dated March 29, 2016 re: Computation and Funding of Terminal Leave Benefits and Monetization of Leave Credits (MLC). The formula is: MLC = S x D x CF Where: MLC =...

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9 Nov 2021

Forum — CSC Rules and Regulations on Leave Credits

Sender: Good day po. Just to clarify about leave of absence. Sa agency po kasi namin, not sure if sa division lang po namin, nawala po saysay ng klase ng leaves. Sabi po pag sa araw ng pasok na mag leave po SL lang daw po pwede tapos pag WFH ang pwedeng i file is VL/FL/SPL. Kahit po mag vacation ka sa araw ng pasok mo is SL pa rin daw po ang i file. May guidelines/memo po ba tungkol dto ang CSC? Thank you po sa mga sagot. Join the forum in our Facebook Page: Click the (…) to...

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18 Dec 2020

Terminal Leave Pay vs. “Separation Pay”

[ad_1] Question: Good day po. I just want to ask if may separation pay po ba sa govt when an an employee opt to resign? Napansin ko lang po kasi sa agency namin kapag nagresign terminal leave benefits lang ang claims (remaining leave credits upon resignation). Yun na po ba ung separation pay? More forums concerning #TerminalLeaveBenefits: https://gabotaf.com/tag/terminal-leave-benefits/ Answers | Comments [ad_2] Post Views: 810

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