Directorate-General of Budget, Accounting and Statistics Minister Chu Tzer-ming said February's salary (with the three percent pay raise), the deferred pay raise of January, and the year-end bonus
is expected to be deposited into every public employee's bank account on February 6.
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.
Mumbai: The year of 2017 has come to an end but the lot of us may not receive year-end bonus
cheques just yet.
1 percent higher than the previous year due to the release of the year-end bonus
and cash gift of government employees the release of 2016 Performance-Based Bonus of some agencies as well as the requirements for the creation/filling of pension and retirement gratuity benefits of retirees in various agencies.
The agency said the rise in PS spending was due to 'the release of the year-end bonus
and cash gift of government employees; the release of 2016 Performance-Based Bonus of some agencies; as well as the requirements for the creation/filling of pension (DepEd, SUCs, and PNP); and retirement gratuity benefits of retirees in various agencies (DILG and DND).
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?
50 for all new FFBT employees; providing a minimum year-end bonus
of USD750 annually to all full time FFBT employees; investing a minimum of USD250,000 annually for community development and supporting local branch markets, as well as investing a minimum of USD150,000 annually to FFBT employee development and education.
Provide a minimum year-end bonus
of USD 750 annually to all full time FFBT employees.