President Rodrigo Duterte has finally signed Executive Order No. 150 on Friday (October 1), a new measure for the new compensation and position classification system (CPCS) index of occupational services position titles and jobs for government-owned and -controlled corporations (GOCC).
On Monday (October 4), Malacanañang Palace officially released the new package of standard benefits for workers of GOCCs.
The document was signed after the Governance Commission for GOCC (GCG) accomplished its review of the previous compensation for GOCC workers, ensuring that it is free of any “excessive, unauthorized, illegal and/or unconscionable allowances, incentives, and benefits.”
According to Duterte, the new rates will be applicable to all GOCCs. However, those approved for abolition and deactivation, Government Financial Institutions (GFI), Government Instrumentalities with Corporate Powers (GICP)/ Government Corporate Entities (GICP/GCE) will not be eligible.
“The GCG shall have the authority to convert or revise the existing position classification system of the GOCCs to be aligned with CPCS under this Order,” the president said in a report from BusinessMirror.
Funding for the CPCS will be sourced from the approved corporate operating budget by the GOCC and the Department of Budget and Management (DBM).
It will be implemented “upon issuance of the corresponding authorization from the GCG.” It will also undergo review three years after it takes effect and every three years thereafter.
Duterte assures that there will be no diminution of authorized salaries once the new CPCS is put in place.
The GCG will be submitting a report to the Office of the President on the implementation of the Order within 90 days from its effectiveness.
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Image credit: RTVM and PCOO