5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Senate bill calls for new round of salary hikes for gov’t employees

by
December 6, 2023
in Stock
0
Senate bill calls for new round of salary hikes for gov’t employees













PHILIPPINE STAR/BOY SANTOS

A BILL calling for a four-tranche salary hike for civilian government employees has been filed in the Senate.

The fourth and last tranche of pay hikes for public servants under the Salary Standardization Law of 2019 took effect on Jan. 1.

“The government must always review the salaries it provides to civilian employees so that it can maintain the attractiveness of government service and reduce the possibility of corruption,” Senator Christopher Lawrence T. Go, who filed Senate Bill No., 2504 on Dec. 5, said in the bill’s explanatory note.

Under the measure, the Department of Budget and Management (DBM) will prepare a modified four-tranche payment hike schedule starting Jan. 1, 2024, with succeeding tranches taking effect on the same date annually until 2027. It will also issue guidelines to implement the salary hike schedule.

The differences in salary increases would be determined based on “substantive differences in duties, responsibilities, accountabilities and qualification requirements” of the various government positions.

“The compensation for all civilian government personnel shall be standardized and rationalized across all government agencies to create an enabling environment that will promote social justice, integrity, efficiency, productivity, accountability, and excellence in the civil service,” according to a copy of the measure.

Military and uniformed personnel and those working in government-owned or -controlled corporations (GOCCs) covered by the Compensation and Position Classification System of the Governance Commission for GOCCs are excluded from the bill.

In August, Budget Secretary Amenah F. Pangandaman told the House Committee on Appropriations that the DBM is setting aside about P17 billion for salary adjustments for public servants next year.

The DBM had allocated P48 million to conduct a study evaluating the need to raise government workers’ pay.

“Having competitive compensation in government service not only improves the lives of government employees but also attracts employees with expertise and skill,” Mr. Go said. “It dignifies work in the government.” — John Victor D. Ordoñez

CEDadiantiTyClea

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

NEA loans to electric co-ops hit P975.54M at end-Nov.

Next Post

Revised freight forwarding rules for seaborne cargo due within the year

Next Post
Revised freight forwarding rules for seaborne cargo due within the year

Revised freight forwarding rules for seaborne cargo due within the year

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    July 14, 2025
    30 manufacturing projects in the works

    30 manufacturing projects in the works

    July 14, 2025
    PHL banks fail to meet MSME lending quota in Q1

    PHL banks fail to meet MSME lending quota in Q1

    July 14, 2025
    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.