Details about the Government Employees Year-End Bonus & Cash Gift (Regular Employees)
GOVERNMENT EMPLOYEES YEAR-END BONUS & CASH GIFT – The regular employees of the government may receive this amount as cash gift and bonus.
Public and private employees look forward to their bonuses and Christmas cash gifts during the holiday season. For private employees, they look forward to their 13th Month Pay and their Christmas bonus from their employers or the companies they are working for. In the case of government employees, the Department of Budget and Management (DBM) releases the year-end bonus and cash gift.
Recently, memes and entertaining photos and videos of people waiting in front of the Landbank Automated Teller Machines (ATMs) and checking on their accounts circulated on social media. It was after the DBM announced the releasing of the regular government employees year-end bonus and cash gift.
How much is the government employees year-end bonus and cash gift? Based on an article on Pep, the year-end bonus is equivalent to a one-month basic pay like the amount they received last October 31.
With regards to the cash gift, according to the report, every regular government employee receives P5,000.00. The releasing of the year-end bonus and the cash gift are under the General Approriations Act.
Based on DBM Budget Circular (BC) No. 2016-4, the year-end bonus and cash gift are for regular government employees including those who have worked for at least four (4) months since January 1 until October 31.
Based on the article, DBM Secretary Amenah Pangandaman advises the regular government employees to exercise careful spending of their cash gift and bonus most especially amid the high prices of goods now.
In the case of the 13th month pay that the employees of the private companies await, there is a way to calculate it. Feel free to visit – How To Compute your 13th Month Pay.