NOV 15-YR END BONUS

May HMO deduction po ba?

Yes Sir Axeman may HMO deduction po as contained sa memo ng ERD for as long as may balanse pa ang premium natin ibabawas sa mga bonuses and other benefits at pag hindi pa po sufficient sa salary kasi dapat po fully settled before year-end.

Hello Mam Sonia, aside sa year-end bonus, ibibigay pa kaya yung Housing Fund Dividends every December?..glad you're back here in the website...

Thank you Mam Alut5724! About the housing fund dividend, I dont have any info yet if it will be given again this December. I will give you update anytime next week.

"more or less 30 to 40% ang nakaltas na tax plus HMO Defficiency sa year end bonus"

.... grabe... almost half of my year end bonus went to tax... la naman ako kulang sa HMO....

almost if not all talaga ang nagrereklamo sa malaking portion ng bonus napunta lang sa tax...ala yata tayo choice but mag reklamo ang ng magreklamo...ipag pray na lang natin maibigay yung Housing Fund dividends...yun na lang pag-asa natin for our Christmas and New Year celebrations..at sana ibalik yung pagbibigay ng additional P10K before the year ends katulad ng dati although last year inistop na...

korek ka joncel and blackman. talagang malaki ibabawas sa ating year-end bonuses as tax kasi kulang ang kabang-bayan na pangsubsidy sa mga trapo political parties ng mga lawmakers na humaharang sa ating salary increases....

alut5724 wrote:

Hello Mam Sonia, aside sa year-end bonus, ibibigay pa kaya yung Housing Fund Dividends every December?..glad you're back here in the website...

Mam alut5724: There is a pending request for the release of HF dividend this December and it is for approval. We are optimistic that it will be given.

MANILA, Philippines – A merrier Christmas awaits state employees and officials this year.
Malacañang announced Friday the grant of yet another bonus for employees of the national government on top of the traditional Christmas bonus and 13th month pay. The government is giving away a new “performance-based bonus” or PBB.
This will be given to employees and officials on the basis of a merit-based formula for rewards ranging from P5,000 to P35,000, depending on their productivity, said Palace spokesperson Abigail Valte at a news briefing.
The Palace hopes that the PBB would be released during the Christmas season. “I will consult with other agencies about their target[date for release of] the PBB. It’s like Pinoy Big Brother, isn’t it?”
State officials and employees receive their 13th month pay in two tranches—on May 15 and November 15.
Employees in the private sector also receive the mandated 13th month bonus (not subject to tax for amounts P30,000 and below) but other companies also give additional Christmas bonuses that are subject to tax.
Meanwhile, the Productivity Enhancement Incentive(PEI)—pegged across the board at P10,000 in 2011—is due to be credited to payroll next month, said Valte.
Valte explained that the national government, prior to the Aquino presidency, funded only P7,000 of the PEI, with the remaining P3,000 shouldered by various government offices from their savings.
“What happened in the past—at least in the case of 2010—was that agencies which had no savings couldn’t provide for their component [of the PEI]. In 2011, what the national government did was to give out the entire P10,000. So everyone received the same amount apart from the 13th month bonus,” said Valte.
The PBB was mandated by Mr. Aquino under Executive Order No. 80 issued in July this year to “rationalize the current incentive system in government which is generally characterized by across-the-board bonuses that are given uniformly to all civil servants.”
The EO calls for a “common set performance scorecard” and rates personnel “in accordance with their contribution to the accomplishments of their department’s overall targets and commitments.” The PBB scheme has three performance categories: “best,” “better” and “good.”

Palace: Gov't employees to get 3 bonuses this Christmas

By Aurea Calica, The Philippine Star
Posted at 11/17/2012 8:24 AM | Updated as of 11/17/2012 8:24 AM


MANILA, Philippines - Malacañang announced yesterday that government employees would receive three bonuses this Christmas season although half of the 13th month bonus was released last May.

Deputy presidential spokesperson Abigail Valte said in a press briefing that the three bonuses are the other half of the 13th month pay, the Productivity Enhancement Incentive (PEI) and the Performance-Based Bonus (PBB).

Valte said the PEI worth P10,000 for each employee last year will come from national government coffers.

She said the funds for the PEI used to be divided between the national government and the department or agencies.

“In 2010, P7,000 of the funds came from the government per employee while the P3,000 were from the savings of the agencies. But what happened was – at least in the case of 2010 – there were agencies that did not have savings so they could not give out their components,” Valte said.

It was for this reason that the government decided to allocate funds for the PEI.

“So everyone gets equal amount now apart from the 13th month bonus,” Valte said.

Valte said with regard to the PBB, the amount that employees would get would range from P5,000 to P35,000 depending on the worker’s performance merits.

“The requisites needed are now being prepared. In August, if I’m not mistaken, the DBM (Deparment of Budget and Management) already asked to submit targets for the agencies,” Valte said.

“So the employees have targets, your division, unit, bureau, agency and the target of the department,” she said.

Valte said the first tranche of the 13th month pay had been given in May and the second one will be released this month.

The PEI will be released in December, Valte said, and “I will consult with the agencies when their target release for the PBB is.”

Meanwhile, San Juan City Rep. Joseph Ejercito Estrada urged yesterday Malacañang and private employers to release early their employees’ 13th month pay and other bonuses to allow them to take advantage of lower pre-holiday prices.

“Let’s not make it hard, especially for low-income earners to avail themselves of pre-holiday sales, when the prices of seasonal commodities are still affordable,” Estrada said.

He said December is the month when the prices of food, products, apparel and toys increase rapidly.

Estrada made the appeal following reports that prices are already going up.

He cited a report from Cid Terosa, a senior economist from the University of Asia and the Pacific, that the last quarter of the year is usually marked by a higher consumer price index, “as the public goes on an overdrive of shopping for gifts and stockpiling food for holiday feasts.”

The Labor Code mandates employers to give their employees’ 13th month pay on or before Dec. 24 while other bonuses, which are optional, can be given anytime depending on the company’s availability of funds. – With Paolo Romero (TANONG? KASALI KAYA ANG LBP?)

P35,000.00:D

Thanks fo the update Mam Sonia re Housing Dividends...hoping for its release next month..God Bless!!!

from dbm.gov.ph :

Budget and Management Secretary Florencio B. Abad today clarified that the Performance-Based Bonus (PBB) system is different from the 13th month pay, year-end cash bonus, and Productivity Enhancement Incentive (PEI) for government employees, citing the unique, merit-based nature of the performance-based perks.

“The PBB is actually distinct from an employee’s year-end cash bonus, 13th month pay, and PEI. The purpose of the PBB is to ensure that our public servants receive due recognition for their efforts. An outstanding employee, for example, will receive a significantly higher PBB—on top of the other bonuses given to him—than a worker who merely fulfills the bare minimum of his duties,” Abad said.

Civil servants are entitled to receive 13th month pay—equivalent to their monthly salary—as well as a year-end cash gift of P5,000 and PEI worth P5,000.

Abad disputed claims, however, that all government employees are guaranteed to receive a performance-based bonuses.

“In contrast to the other bonuses, the PBB is certainly not an entitlement. Because the PBB system is a decisively merit-based scheme, employees who underperform or fail to meet their targets won’t actually receive anything. Why reward someone who works poorly or inefficiently?” he said.

The budget chief added that the PBB system was designed to address a longstanding problem in the Philippine bureaucracy, where the distribution of bonuses—and their corresponding amounts—was sometimes arbitrary or subject to biases.

“We’ve seen cases of employees receiving hefty perks with little justification. At the same time, many civil servants who turn out exceptional work don’t always get the recognition they deserve. This can be very demoralizing, especially if you’ve served the government for a long time and you do your best in every task.

“Under this Administration, however, the distribution of performance-based bonuses will be commanded solely by merit and the quality of an employee’s performance. The targets are actually measurable and strictly empirical, so that office higher-ups can preserve the objectivity of their assessments,” Abad said.

He also emphasized the reform value of the PBB system, especially in view of the Aquino administration’s commitment to provide better and more efficient public goods and services to Filipinos.

“Overall, we’re instituting the PBB scheme so that government workers will be encouraged to boost their efficiency and productivity. We’re showing them that exceptional performance in government will not go unrecognized. What this ultimately translates to are improved services to Filipinos, not to mention greater morale among public servants and visible, positive reform across the bureaucracy,” Abad said.

in this case mukhang di tayo kasama sa PBB scheme na eto at merun na tayo MIP3

parang PERA/ACA din po yan na di tayo kasali dahil may sariling charter at katumbas na rin po yan ng MIP natin. pero kung deduction yan sigurado kasali tayo