THE SUSPENSION of allowances, bonuses and incentives at state-owned firms will be extended for a month after a deadline passed last Dec. 31, a Malacañang official said.
“We will be extending it for a month. There will be a new EO (executive order),” Executive Secretary Paquito “Jojo” Ochoa said in an interview late last week.
The directive, which according to Mr. Ochoa should have been issued last Thursday, updates EO 7 issued last September by President Benigno S. C. Aquino III. The earlier EO mandated the suspension of all compensation perks at 158 government owned and controlled corporations (GOCCs) and financial institutions (GFIs) until the end of 2010.
EO 7 also created the Task Force on Corporate Compensation (TFCC), to be manned by representatives of the Office of the President, the Budget and Finance departments, and the Civil Service Commission, which will review remuneration granted to GOCC/GFI directors, officers and rank-and-file employees.
The panel late last month sought a one-month extension to submit its recommendations.
Commenting on Malacañang’s approval, TFCC member Civil Service Commission Chairman Francisco P. Duque III said, “The extension will firm up the polices and some of the hanging issues that we hope to resolve.”
The issues, Mr. Duque explained, include the setting of compensation benchmarks as “there is no one size fits all”; the classification of GOCCs as very large, large, medium or small; the definition and scope of compensation; and the gathering of data from the state-owned companies.
He also said the task force needed more time to review the compensation granted to officers outside GOCC and GFI boards.
“We need four months to resolve that,” Mr. Duque said.
Mr. Aquino, in his first State of the Nation address last July, claimed that GOCC and GFI officials, particularly those at the Metropolitan Waterworks and Sewerage System, were enjoying fat bonuses even as the perennially cash-strapped government was struggling with a record budget shortfall. — Ana Mae G. Roa, BUsinessworld
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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