Release of 14th Month Pay from Nov. 15 to Dec. 31 pushed

Release of 14th Month Pay from Nov. 15 to Dec. 31 pushed

House Bill No. 3271 entitled An Act Institutionalizing the Release of the 14th Month Pay for All Public-School Teachers which shall be know as the 14th Month Pay for Public School teachers Act has been filed by Manila Teachers Party List Rep. Virgilio S. Lacson.

If this bill becomes a law, the existing 13th month pay shall be released on or before the end of June of every year while the 14th month salary shall be released on or before the end of December of each year.

The 14th month salary, along with the 13th month pay shall be excluded from the computation of gross income. Provided, however, the total 14th month pay shall not exceed Eighty-Two Thousand pesos (P82,000) as mandated in the National Internal Revenue Code.

EXISTING GUIDELINES ON THE RELEASE OF YEAR-END BONUS AND CASH GIFT
The release of the year-end bonus and cash gift is pursuant to Budget Circular No. 2016-4, which mandates that the said incentives be given not earlier than November 15 of the current year to qualified personnel satisfying the following conditions:

• Those still in government service as of October 31 of the current year and with at least a total of four (4) months of service from January 1 to October 31 of the current year; or
• Those who have retired or separated from government service before October 31 of the same year and have rendered at least a total or an aggregate of four (4) months of service from January 1 of the current year, shall be granted pro-rated year-end bonus and cash gift, within the month of retirement or separation.

READ: House Bill No. 3271 : 14th Month Pay for Public School teachers Act