Gov't employees to get additional P5,000 bonus

ABS-CBN News

Posted at Dec 16 2014 05:51 PM | Updated as of Dec 17 2014 06:36 PM

MANILA – Government employees will receive an additional P5,000 bonus for the year, the Department of Budget and Management (DBM) said on Tuesday.

The one-time Productivity Enhancement Incentive (PEI) will be given to about 1.4 million national government employees, both civilian and uniformed personnel, amounting to a maximum of P5,000 and totaling around P7 billion.

Budget Secretary Butch Abad said the bonus is on top of the year-end bonus equivalent to a month’s pay and the additional P5,000 cash gift.

“We will be providing our employees the PEI worth P5,000 as recognition of their efforts and consistent showing this year,” Abad said in a statement.

“We also hope to motivate them further to increase their efficiency and overall performance as we collectively continue pursuing our socio-economic development goals,” he added.

The PEI will be granted to employees who are in active service as of October 31 and have rendered at least a total or an aggregate of four months of service for the year, based on Budget Circular 2014-3.

Employees who have rendered less than four months, on the other hand, will be entitled to pro-rated PEI.

The PEI of national government agencies will be sourced from the Miscellaneous Personnel Benefits Fund (MPBF) under the 2014 budget while the PEI for the employees of government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs) will be charged against their respective approved corporate operating budgets for the year.

“The PEI will help our employees in terms of their expenses now that the holiday season is already upon us,” Abad said.

“At the same time, we also hope to remind our personnel that their contributions and commitment to the country are well acknowledged and counted upon as we continue to respond to the needs of the Filipino people,” he added.

Government employees began receiving their bonuses on Monday, December 15.