PNP releases more than P8 billion for yearend bonus pay, cash gifts
FILE PHOTO Policemen stand in formation at Camp Crame in Quezon City during a mass oath taking.
MANILA, Philippines — The Philippine National Police (PNP) on Thursday released a total of P8,190,063,990 for the mandated 2021 yearend bonus and cash gift of its 222,418-strong personnel.
According to the PNP, the police officers’ year-end bonus is equivalent to one month basic pay, while the cash gift is prorated at P5,000 — subject to the guidelines in reference to Fiscal Directive Number 2016-16 “Payment of Year-End Bonus and Cash Gift for FY 2016 and Years Thereafter.”
Meanwhile, the bonuses exceeding P90,000.00, which numbers for a total of 15,587 PNP personnel, are subject to the year-end tax adjustments effective November and December 2021 pursuant to TRAIN Law (Republic Act 10963) and BIR Revenue Regulations 9-2018 and 11-2018.
The bonus funds and cash gift has been credited to the individual payroll accounts of PNP personnel with the Land Bank of the Philippines on Thursday, Nov. 18.
In a statement, newly-appointed PNP chief PGen. Dionardo Carlos said the amount came from the regular PNP appropriations programmed in the agency’s 2021 budget.
The release of the 2021 yearend bonus and cash gift, meanwhile, is deferred for personnel with pending administrative cases, according to PNP spokesperson Police Colonel Roderick Augustus Alba.
RELATED STORIES:
GSIS pensioners to get cash gifts starting Dec. 1
