Amendments on Monetization of Government Leave

A maximum of thirty (30) days of vacation leave/service credits can be monetized.
Conditions for monetization:
- At least five (5) days must remain as vacation leave/service credits after monetization.
- If an official or employee has less than fifteen (15) days of leave credits, they can monetize no more than ten (10) days.

Monetization privilege can be availed only once per calendar year.
Exception for 1997:
- Officials/employees who monetized ten (10) days previously may monetize an additional twenty (20) days.
- After monetization, a minimum of five (5) days leave must remain.

Officials/employees who monetize leave credits are required to undergo five (5) days of forced leave.
This is pursuant to Executive Order No. 1077 (January 9, 1986) and its implementing rules.

Funding shall come from any savings within the concerned department, agency, government-owned or controlled corporation, or local government unit.
Definition of savings aligns with Section 54 of the FY 1997 General Appropriations Act.
Priority in utilizing savings must consider:
- Items enumerated in Sections 55 (Priority in the Use of Savings) and 56 (Use of Savings for the Magna Carta of Public Health Workers) of the FY 1997 GAA.
Employees with positions below salary grade 19 shall be given preference in utilizing this privilege.

The rules and regulations promulgated shall take effect immediately upon adoption (June 25, 1997).
Joint Circular issued by the Civil Service Commission and Department of Budget and Management.

Leave monetization is regulated to ensure employees retain a minimum balance of leave credits.
Annual limitation ensures controlled use of the benefit.
Forced leave requirement aligns with labor practice to prevent burnout.
Financial responsibility for monetization is restricted to agency savings, promoting fiscal discipline.
Preference scheme supports lower salary grade employees.
Immediate effectivity ensures prompt compliance and implementation of amendments.