My Google Page Rank

Palace extends suspension of GOCC, GFI allowances

PDFPrintE-mail

Malacañang has extended the suspension of all allowances, bonuses, incentives and other perks of board of directors and trustees of government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs) until January 31, 2011, according to Executive Order No. 19 signed by President Benigno Aquino III.

The suspension was extended for another month pending the issuance of policies and guidelines by the Task Force on Corporate Compensation (TFCC), which was created by Executive Order No. 7 to review all remuneration granted to board directors or trustees, officers and rank-and-file employees, as well as discretionary funds of GOCCs and GFIs.

The President signed EO No. 19 on December 30, 2010.

EO No. 19 says that “complexity of issues and number of GOCCs and GFIs” merit the “need to further review the grant of all remunerations and discretionary funds of the board members.”

Executive Secretary Paquito N. Ochoa Jr. said the TFCC had requested a one-month extension to allow it to finish its study and finalize its recommendations.

“The additional time they requested is understandable. We know that they want to come up with recommended policies and guidelines that are fair and reasonable to all those concerned, as well as cognizant of the need to balance the need for prudent government spending and the operational flexibility accorded to GOCCs and GFIs to allow them to be effective,” Ochoa said.

The Palace issued EO No. 7 last September in light of the questions surrounding the allowances and benefits given to executives and staff of GOCCs and GFIs, which generally exceed those given to government employees.

Aside from creating the TFCC and requiring GOCCs and GFIs to provide the task force with the information it requires for the review, EO No. 7 also imposes a moratorium on “increases in the rates of salaries and the grant of new increases in the rates of allowances, incentives and other benefits” of GOCC and GFI employees, except salary adjustments provided in EO Nos. 801 and 900, unless specifically authorized by the President.

The TFCC is composed of representatives from the Office of the President, the Departments of Finance and Budget and Management, the Civil Service Commission. (PCOO/PIA9-BST)




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

THE SPIDER MOVES OF JOWIE

25 Sep 2017 Hits:54 Be the first to comment!

Este si Jowie J. Natak , 44 años de edad , 5’ 9 el altor , anak di Nasal Natak y Remedios Jamie Natak que ta esta na Malayal Sibuco , Zamboanga Del Norte  . Su hermano y Hermana si Rosie, Jayson, su mujer si Lady Divina Buenagracia Natak y tiene sila 2 anak si Princess y Prince Natak . Este el su istoria … Ya principia yo juga basketball na edad 14 años na mio provincial na Malayal Sibuco, Zamboanga Del Norte . Na dimiyo 3rd year na high school ya queda iyo player de SCC , Zamboanga City del 1989-1990 . El Southern City Colleges el Interschool Champion poreso yan represent kame el Ciudad de Zamboanga na Regional Meet na [...] Read more

Prev Next Page:

BAP REGIONAL DIRECTOR R-9... REV. FR. JONATHAN DUCA

24 Sep 2017 Hits:60 Be the first to comment!

Este el istoria porcaosa del nuevo posicion que ya dale con Rev. Fr. Jonathan Duka y Omar Bowon, el dos cabesa pensante, que ya delega canila cuando ya atende sila [...] Read more


FAST & THE FURIOUS… STREETTUNERS AUTOCROSS TEAM ZAMBOANGA

22 Sep 2017 Hits:69 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si [...] Read more


Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:106 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more


Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:98 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


SLIPPERY MOVES OF… FLORA

20 Sep 2017 Hits:81 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


FIGHTER’S VISION... GHEN YAN

17 Sep 2017 Hits:96 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more


ENDURANCE DASHER … JEK

15 Sep 2017 Hits:115 Be the first to comment!

Este si Jeric Sabungan Gaceta , su palayao “Jek”, 19 años de edad, 5’6” el altor , residente de Barangay Camino Nuevo , Ciudad de Zamboanga . Su mayores si [...] Read more


ROOKIE VISION… PETER

13 Sep 2017 Hits:118 Be the first to comment!

Este si Peter Edward Patual Ignacio , ta llama conele “Peter”, 18 años de edad, 6’3” el altor, residente de Navarro Court Ext, Sta Maria, Ciudad de Zamboanga . Su [...] Read more


BEST OF THE BEST - SILVER…..JELSEA

12 Sep 2017 Hits:112 Be the first to comment!

Este si Jelsea Nicole Batayen Arboiz , ta llama conele “Jelsea“, 13 años de edad , anak di Roger P. Arboiz y Marites A. Batayen , su hermana si Julie [...] Read more


UPRISING GOLDEN ACHIEVER… NICA

10 Sep 2017 Hits:132 Be the first to comment!

Este si Veronica Padillo Sagrado , ta llama conele na palayao “Nica” , 13 años de edad , anak di Ferdinand Elloreg Sagrado  y Marilyn Padillo Sagrado , su hermana [...] Read more


Factory worker nabbed for illegal drugs

07 Sep 2017 Hits:163 Be the first to comment!

A worker at a canning factory was conducted to Police Station 9 after he was caught in possession of a sachet of alleged shabu while entering the premises of Universal [...] Read more


Student stabbed in street brawl

07 Sep 2017 Hits:148 Be the first to comment!

A grade 9 student was rushed to the hospital after he was stabbed during a brawl in Sitio Pasay, Barangay San Roque, this city, Tuesday. Police Station 7, investigator-on-case from the [...] Read more


PANTHER MOVES… VEN VEN

07 Sep 2017 Hits:120 Be the first to comment!

Este si Kaven Repollo Carandang , su palayao “ven ven “, 14 años de edad ,residente de MalasigaTalungan , Barangay San Roque , Ciudad de Zamboanga . Su mayores si [...] Read more


MUAY THAI BRAWLER…. IAN

06 Sep 2017 Hits:128 Be the first to comment!

Este si Prince Ian Cabayacruz Berdon , ta llama conele “Ian”, 14 años de edad, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon . Su hermano si Ghen Yhan [...] Read more


It’s “Business as usual” in ZamPen

06 Sep 2017 Hits:172 Be the first to comment!

Despite the extension of military rule in Mindanao, business remains vibrant in Zamboanga Peninsula. Department of Trade and Industry-9 Regional Director Sitti Amina M. Jain said peace and order remains stable [...] Read more


Swedish national held for questioning

06 Sep 2017 Hits:183 Be the first to comment!

A Swedish National allegedly heading to Basilan Province was prevented from leaving Zamboanga City by personnel of the Philippine Coast Guard Zamboanga Station (PCGZS) on Sunday. A report coming from the [...] Read more


SEA GAMES MUAY THAI BRONZE… RYAN

03 Sep 2017 Hits:145 Be the first to comment!

El diaton Muay Thai Bronze medalist  si Ryan Tarang Jakiri , ta llama conele el “Pilipino assassin” , 25 años de edad, 5’8” el altor , casao cun May Libao [...] Read more


SEA GAMES PENCAK SILAT BRONZE ….JEFF

02 Sep 2017 Hits:141 Be the first to comment!

El diaton Pencak Silat Bronze medalist si Jefferson Rhey Abilay Loon , su palayao “Jeff”, 24 años de edad ,5’7” el altor , residente de Barangay San Roque , anak [...] Read more