But with the new DBM ruling, the 26,035 contractual positions will start receiving Personnel Economic Relief Allowance, Mid-Year Bonus, Year-End Bonus
, and Cash Gift, among others - benefits which are currently exclusive to regular government personnel.
At that time, the airline said if a strike hurt its profitability and caused financial losses, the company would freeze annual wage increases and suspend year-end bonus
payments to all of its employees, and stop offering discount air fares for flight attendants who are striking and their families, for three years.
The year-end bonus
is equivalent to a full month's salary, while the cash-gift amounts to P5,000, Budget Secretary Benjamin Diokno told reporters at a press conference.
The plaintiff son and daughter alleged that the mother breached fiduciary duties to them by withholding the year-end bonus
checks for 2014, terminating their employment without good cause, and withholding dividends from them following their termination.
Eligible employees will also receive their fiscal year-end bonus
, he said.
"The unique structure and philosophy of credit unions makes it possible for our Board of Directors to declare year-end bonus
returns," said Darrell Merkel, CEO of SAFE Federal Credit Union.
Budget Secretary Benjamin Diokno earlier said the increase in the base pay would "result in increases in other allowances and bonuses that are computed as a percentage of Base Pay such as Longevity Pay (or Foggy Pay), Mid-Year Bonus, Year-End Bonus
, and will effectively discontinue the grant of provisional and officers' allowances, an interim measure pending the modification of the base pay schedule."
The crucial requirement is a 10-percent increase in salaries and some form of summer and year-end bonus
, Saluka added for the TASR newswire.Embraco's viewThe Embraco statement reads that negotiations on salary policy for 2018 and 2019 between the management and the OZ KOVO union have had 20 rounds and are continuing, informed Anton Oberhauser of the PR department.
Mumbai: The year of 2017 has come to an end but the lot of us may not receive year-end bonus
cheques just yet.
It said the increase in base pay would also mean a consequent increases in other allowances and bonuses 'that are computed as a percentage of base pay, such as longevity pay [or foggy pay], mid-year bonus and year-end bonus
What if this person earns a 10 percent year-end bonus
every year and puts half of that into their retirement plan, rather than buying that swimming pool?