Question & AnswerQ&A (CSC JOINT CIVIL SERVICE COMMISSION AND DEPARTMENT OF BUDGET AND MANAGEMENT CIRCULAR NO. 1)
The rules aim to provide additional funds for employees to finance education, health, or emergency expenses by allowing monetization of accumulated vacation leave credits, enable employees to continue work and get paid even if monetizing leave, and authorize payment of monetized leave credits.
All officials, employees, and laborers in the national and local governments, including those in government-owned and controlled corporations with original charters, state universities and colleges, judiciary, and legislative branches, appointed on permanent, provisional, casual, or temporary status in both career and non-career service.
It is the payment of the money value of accumulated vacation leave credits without the employee actually going on leave.
It refers to the vacation leave credits earned and accumulated by an employee.
An employee must have accumulated at least fifteen (15) days of vacation leave/service credits to be eligible.
An employee can monetize a maximum of ten (10) working days of vacation leave/service credits once a year.
No, the monetization privilege can be availed only once a year.
If the employee does not avail of monetization in a year, the leave credits remain accumulated.
The employee is required to go on a five (5) day forced leave as provided under Executive Order 1077 dated January 9, 1986.
Yes, teachers with accumulated service credits can avail of the monetization privilege provided their service credits are converted to vacation and sick leave based on the conversion rate prescribed in CSC MC No. 9, s. 1988.
No, an employee who monetizes leave credits is not allowed to go on vacation leave simultaneously, except when the leave is sick leave.
Payment shall be charged against savings of the concerned department, agency, or local government unit, and payment priority shall be given to employees below salary grade 19.
It took effect immediately upon adoption on June 27, 1991.