Question & AnswerQ&A (EXECUTIVE ORDER NO. 203)
The Governance Commission for Government-Owned or -Controlled Corporations (GCG) is the implementing and administering agency of the CPCS for GOCCs.
No. Section 9 of R.A. No. 10149 explicitly provides that no GOCC shall be exempt from the coverage of the CPCS developed by the GCG, regardless of any law to the contrary.
No. The governing boards of all covered GOCCs may not negotiate with their officers and employees the economic terms of their Collective Bargaining Agreements (CBA).
There shall be no diminution of authorized salaries as of December 31, 2015, for incumbent officers and employees in the implementation of the CPCS.
The GCG may recommend incentives outside the CPCS for certain position titles in consideration of the good performance of the GOCC, provided that the GOCC has fully paid all taxes and declared and paid all required dividends.
The ERIP grants officers and employees who voluntarily retire or are separated as part of rationalization or restructuring a retirement incentive based on their years of service multiplied by their basic monthly pay, with increasing multipliers for longer service periods.
All GOCCs, Government Financial Institutions (GFIs), Government Insurance and Guarantee Corporation (GICPs), and Government-Controlled Enterprises (GCEs) covered by R.A. No. 10149, including their subsidiaries, are covered by the CPCS and IOS Framework.
Such GOCCs shall maintain their current compensation framework despite the effectiveness of the CPCS under the transitory provision.
The order repeals or modifies all orders, circulars, issuances, board resolutions, rules and regulations or parts thereof inconsistent with its provisions.