Highest-paid gov’t execs: Tetangco overall, Garin in Aquino Cabinet | Inquirer News

Highest-paid gov’t execs: Tetangco overall, Garin in Aquino Cabinet

By: - Reporter / @deejayapINQ
/ 03:46 PM July 06, 2016

Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr.  FILE PHOTO

Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. FILE PHOTO

Former Health Secretary Janette Garin was the highest paid member of former President Benigno Aquino III’s Cabinet last year earning up to P2.52 million, according to a Commission on Audit (COA) report on the salaries of government officials.

Garin, who also received pay as board chair of the Philippine Health Insurance Corp., was followed by former Labor Secretary Rosalinda Baldoz and former Science Secretary Mario Montejo, who both received P2.166 million in salary, allowances, and other benefits in 2015.


Former Agriculture Secretary Proceso Alcala was the fourth highest paid Cabinet member, earning P2.075 million for the same period, while former Transportation Secretary Joseph Emilio Abaya was fifth with P2.06 million, based on COA’s 2015 Report on Salaries and Allowances published on the COA website on Tuesday.


READ: Del Rosario, Alcala are highest paid Cabinet members

But the former secretaries were only at the low end — ranking 305th, 453rd, 454th, 485th and 489th respectively — of the salary list dominated by executives from government-owned and -controlled corporations (GOCCs) and financial institutions.

On top of the salary earners list was Bangko Sentral ng Pilipinas (BSP) governor Amado Tetangco Jr., who was paid a total of P13.96 million in 2015. In close second was Government Service Insurance System president and general manager Robert Vergara who received P13.45 million in salaries, allowances and other benefits, the COA list showed.

READ: He wanted to be a doctor, then lawyer, but never banker

Teresita Herbosa, chair of the Securities and Exchange Commission, placed third with P9.8 million, while Anthony Robles, head of the branch banking sector of the Development Bank of the Philippines (DBP), was right behind her with P9.37 million.

Another BSP official, deputy governor Nestor Espenilla Jr., was fifth with P9.18 million.


BSP and DBP executives comprised the rest of the top 10.

Emilio de Quiros Jr., president and CEO of the Social Security System, placed 11th with P8.29 million, followed by Darlene Berberabe, CEO of Home Development Mutual Fund, who received P8.09 million in accumulated pay for 2015.

The list covered 8,311 officers and members of GOCCs and of their subsidiaries and by Cabinet members, undersecretaries, assistant secretaries and other officials of equivalent rank of national government agencies. The President and lawmakers were excluded from the report.

Though Aquino, who received P120,000 a month under Salary Grade 33, was not included, former Vice President Jejomar Binay was listed, ranking 1,065th overall with P1.5 million. He received a bit less than his chief of staff, Benjamin Martinez Jr., who got P1.65 million in 2015, enough to rank 774th.

In the judiciary, Supreme Court Associate Justice Diosdado Peralta towered over his peers with accumulated pay of P7.8 million last year — placing him 14th on the list overall, followed by Associate Justice Lucas Bersamin at the 44th rank with P5.89 million.

Chief Justice Maria Lourdes Sereno was only the fifth highest paid among the high court justices with P4.82 million, including for her work in the Presidential Electoral Tribunal, among others. This put her in 80th place overall.

Solicitor General Florin Hilbay was 23rd overall, receiving P6.93 million in 2015.

The COA report was submitted to Aquino, outgoing Senate President Franklin Drilon, and outgoing House Speaker Feliciano Belmonte Jr. on April 27 by COA chair Michael Aguinaldo, but was published on its website only this week.

The report was based on the 2015 Quarterly and Annual Reports of Salaries, Allowances and Other Benefits received by officials of national government agencies and GOCCs, as well as  members of the governing boards of GOCCs, and state universities and colleges.

The data covered 957 government agencies consisting of 621 GOCCs and 336 national government agencies that paid salaries, allowances, bonuses and incentives and other benefits to government officials.

Oddly enough, though the BSP governor ranked first on the COA list, the BSP actually submitted incomplete data of its top three ranking officials and members of the governing board, COA said.

The BSP did not report their data for indirect benefits required under COA Memorandum No. 2016-011 dated April 4, according to COA.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

A total of 8,311 government officials from the 957 government agencies and instrumentalities are listed in the COA report.

TAGS: Cabinet, Diosdado Peralta, GOCC, Government, Joseph Abaya, public sector, salary

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.