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RMC No. 06-2008: Circularizes the full text of EO No. 637, which provides the basis for the computation of the incentive benefits of personnel who may be affected by the implementation of the Rationalization Program under EO No. 366

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Summary

RMC No. 6-2008 circularizes the full text of EO No. 637, which sets the basis for computing incentive benefits of personnel affected by the Rationalization Program under EO No. 366, S. 2004.

Key points

  1. Incentive benefits. Personnel who opt for retirement benefits under RA No. 660 or the applicable benefit under RA No. 8291 because of rationalization have their incentive benefits computed using their actual monthly salary as of June 30, 2007. This applies where retirement or separation takes effect on July 1, 2007 or later.
  2. Other benefits. Terminal leave and retirement or separation benefits follow the Department of Budget and Management and GSIS rules in force at the time of retirement or separation.
  3. Accountability. Department Secretaries and Agency Heads are accountable for correct computation of the incentive benefits in their offices.

Who is affected

  • Government personnel affected by the Rationalization Program

Deadlines and effectivity

  • Retirement or separation effective July 1, 2007 or later
  • Salary basis: actual monthly salary as of June 30, 2007

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.