Govt workers to receive year-end bonus, cash gift today

THE national government will be releasing P65.35 billion for year-end bonus and cash gifts to government personnel starting today, November 15, according to the

Department of Budget and Management (DBM).

DBM Secretary Amenah F. Pangandaman said the amount covers year-end bonuses for qualified civilian and military/uniformed personnel worth P56.733 billion and cash gifts worth P8.62 billion.

“The release of the year-end bonus and cash gift is provided naman po under our GAA [General Appropriations Act] for this year. For sure, many of our fellow government workers have been looking forward to this. We wish to remind our fellow government workers to budget and spend wisely, as what we would always promote here at the DBM,” Pangandaman said.

The rules and regulations on the grant of the year-end bonus and cash gift are provided under DBM Budget Circular (BC) No. 2016-4 dated April 28, 2016.

The year-end bonus is equivalent to one month basic pay as of October 31 and the cash gift of P5,000 shall be given to qualified government personnel not earlier than November 15 of the current year.

The implementing rules and regulations also specify that the year-end bonus and cash gift shall be given to qualified personnel, subject to a few conditions.

These conditions, among others, include requirements that a personnel has rendered at least a total or an aggregate of four months of service from January 1 to October 31 of the current year and personnel remains to be in the government service as of October 31 of the same year.