Governance Commission for GOCCs(GCG)

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Date: July 6, 2023, 11:29 a.m.

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Date: 2023-07-12 16:04:27.000000

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Clarification on CPCS Circular 2021-009

Published by Governance Commission for GOCCs(GCG) on July 6, 2023.
Requested from GCG by R. Fernandez at 11:29 AM on July 6, 2023.
Purpose: Clarification
Date of Coverage: 07/06/2023 - 07/06/2023
Tracking no: #GCG-159979046163

R.FERNANDEZ July 6, 2023, 11:29 a.m.

Dear GCG, May I kindly clarify Section 8 of the CPCS Circular 2021-009: Eligibility of Incumbents. Said section provides for the percentage of benefit entitlement of incumbent based on the length of service in the GOCC. May I clarify if an incumbent who has been with the GOCC for 12 months at the time of payout is entitled to a 100% of the benefit for Tranche 2/3. For example if the employee was hired only on December 2022, he/she is entitled to a 100% of the Tranche 3 payout which is scheduled to be released not earlier than January 2024? Thank you and I am looking forward to your reply.

A.AUMENTADO July 12, 2023, 4:04 p.m.

July 12, 2023 Dear Rebekah, Thank you for your request dated Jul 06, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Clarification on CPCS Circular 2021-009. We received your request on Jul 06, 2023 and will respond on or before Jul 27, 2023 11:29:40 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at http://efoi-ph.uc.r.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEEdDRy0xNTk5NzkwNDYxNjMM, for request with ticket number #GCG-159979046163. Thank you. Respectfully, Atty. Reymundo Aumentado FOI Officer

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