WebThe Mid Year Bonus 2024 for government workers will be given to to entitled personnel starting May 15, 2024. This mandate is according to Section 5 of the DBM Budget Circular No. 2024-2 also known as “Rules and Regulations on the Grant of the Mid-Year Bonus for FY 2024 and Years Thereafter.”. WebThis article will highlight the Section 5 of the DBM Budget Circular No. 2024-2 (Rules and Regulations on the Grant of the Mid-Year Bonus for FY 2024 and Years Thereafter). Guidelines on the Grant of Mid-Year Bonus. ... Year-End Bonus and Cash Gift for Government Employees. Third Tranche Salary Standardization (SSL) Law Effective …
Updated Guidelines on the Grant of FY 2024 Year-end …
WebNational Budget Circular No. 579 - dbm.gov.ph WebGuidelines on the Grant of Year-End Bonus and Cash Gift 6.1 The Year-End Bonus equivalent to one (1) month basic pay as of October 31 and Cash Gift of P5,000 shall be given to entitled government personnel not earlier than November 15 of the current … south little league winston salem
DBM:Guidelines on the Grant of Year-End Bonus 2024
WebThose found guilty shall not be entitled to Year-End Bonus and Cash Gift in the year of the finality of the decision. The personnel shall refund the Year-End Bonus and Cash Gift received for that year. If the penalty imposed is only a reprimand, the person concerned shall be entitled to the Year-End Bonus and Cash Gift. Source: DBM Circular No ... WebMay 1, 2024 · Percentage of Year-End Bonus and Cash Gift. 4 months but less than 5 months. May 1, 2024 - May 31, 2024. 50% of the One Month Base Pay = 50% Cash Gift. 5 months but less than 6 months. June 1, 2024 - June 30, 2024. 60% of the One Month Base Pay = 60% Cash Gift. 6 months but less than 7 months. July 1, 2024 - July 31, 2024. WebOct 24, 2024 · Please be informed that issuances/guidelines pertaining to mid-year, year-end, and cash gift for employees on leave without pay are Budget Circular No. 2016-4 (Updated Rules and Regulations on the Grant of the Year End Bonus and Cash Gift for FY 2016) dated April 28, 2016 and Budget Circular No. 2024-2 (Rules and Regulations on … teaching lamp