By: Francis T. Wakefield
The Philippine National Police (PNP) has released some P4.4 billion to pay for the 2017 yearend bonus of 191,480 active duty uniformed and non-uniformed PNP personnel.
In a statement, the PNP’s Public Information Office, said the PNP’s Finance Service has credited the funds totaling P4,429,302,582 to pay to individual ATM payroll accounts of PNP personnel with the Land Bank of the Philippines (LBP).
The yearend bonus represents the equivalent amount of one month basic salary and the mandated P5,000 cash gift from the national government.
Department of Budget and Management (DBM) Secretary Benjamin Diokno said that starting Nov 15, all qualified government employees will receive yearend bonus tax free.