Amends BC No. 11 on Year-end Bonus Payment

The circular amends BC No. 11 to adjust the timing of the year-end bonus and related benefits for government personnel.
Paragraph 4.3 of BC No. 11 is revised.
Paragraph 10 of BC No. 11 is revised.
The amended timing provisions apply to the grant of the benefits covered by BC No. 11 for FY 1996 and years thereafter.

Paragraph 4.3 of BC No. 11 is amended to allow government personnel to exercise an option for an advance payment of one-half (1/2) of the benefits authorized.
The advance payment option must not be availed earlier than May 1.
The advance payment option must not be availed later than May 31 of each year.
The remaining balance of the benefits must be paid not earlier than November 15.
The remaining balance must be paid not later than November 30 of each year.

Paragraph 10 of BC No. 11 is amended to establish payment timing limits for the authorized benefits.
Payment of the benefits must not be earlier than May 1 but must not be later than May 31 in the applicable case.
Payment of the benefits must not be earlier than November 15 but must not be later than November 30 in the applicable case.
The circular ties the applicable payment window to the case described in BC No. 11, consistent with the May and November ranges.

The circular is adopted on April 24, 1997.
The Secretary of the DBM certifies adoption through signature of Salvador M. Enriquez, Jr.
The amendatory circular takes effect immediately.