Government employees will be receiving their year-end bonus and cash gifts by November this year, the Department of Budget and Management (DBM) said.
The budget circular 2024-3, released on October 22 by budget Secretary Amenah Pangandaman, indicates the amendments made on the grant of the workers’ year-end bonus and cash gift.
Under the amended policy, employees will receive their year-end bonus equivalent to one month basic pay as of October 31, and a cash gift of Php 5,000. The agency added that they will be receiving this “simultaneously with the first agency payroll for November of the current year.”
The existing policy is categorized under the Standard Allowances and Benefits component of the Total Compensation Framework. The DBM noted that the said bonus and cash gift shall be given to entitled government personnel not earlier than November 15 of the current year, subject to prescribed decisions.
“It has been observed that government personnel continue to experience delays in receiving bonuses and cash gifts, affecting their morale, motivation, and level of job satisfaction,” the DBM noted.
“The streamlining of the payroll process of each agency will mitigate the internal and external causes of delay in the payment of the benefits. A streamlined process will increase productivity and efficiency, ensuring that the year-end bonus and cash gift will be granted on schedule, they added.
The circular took effect immediately after its release.
