Lawmaker on bonuses: Very revolting talaga

Posted at 01/16/2014 1:44 PM

MANILA - Eastern Samar Rep. Ben Evardone has filed a bill seeking to limit the bonuses and perks of executives of government-owned and -controlled corporations (GOCCs).

House Bill 3683 seeks to amend the 2011 GOCC Governance Act (republic Act 10149) by imposing that "No chairman or member of the board of directors/trustees covered by RepublicAct Number 10149 and Executive Order Number 24, Series of 2011 shall serve in the board of directors/trustees for more than a total period of twenty four months, including reappointment and hold over capacity."

It also says that GOCC executives can only get the highest available bonus instead of getting many bonuses.

"Except for reasonable per diems and necessary expenses provided in accordance with Executive Order Number 24, Series of 2011, no chairman or member of the board of directors/trustees covered by Republic Act Numbered 10149 and Executive Order Number 24, Series of 2011 shall, for every twelve months of incumbency, be entitled to receive allowances, incentives, or bonuses in whatever form or nomenclature in excess of the amount equivalent to twice the amount In case a chairman or member of the board of directors/trustees serves as such in more than one entity covered by Republic Act No. 10149 and Executive Order Number 24, Series of 2011 he shall be entitled to receive, for himself, the highest amount of allowance, bonus, or incentive given by any of the entities he serves in. All other amounts shall be received by him and remitted to the general fund."

Lawmakers want to review the allegedly fat bonuses granted to executive of government-owned and -controlled corporations.

AKO BICOL Rep. Rodel Batocabe said the bonuses granted to the executives are "very revolting talaga."

He pointed out that the rank and file employees of the GOCCs do not get the same fat bonuses.

"This is at the expense of the rank and file employees. With respect to rank and file, government should revisit their policy regarding bonuses. Lahat sila nagrereklamo," he said.

Batocabe said some GOCC employees only received 13th month bonuses last year, when they got more in previous years.

Kabataan party-list Rep. Terry Ridon said President Aquino should make clear his stand on the bonuses which the GOCC executives granted themselves.

CIBAC party-list Rep. Sherwin Tugna wants to check if the grant of the bonuses were in accordance with the GOCC Act of 2011 and the charters of the respective GOCCs.

Bayan Muna Rep. Neri Colmenares questioned why GOCCs like the Social Security System and Philhealth seem to have money for bonuses but tend to ask for increases in premium contributions.

Bayan Muna has filed a resolution asking for an investigation of the hike in contributions to SSS and Philhealth.

The GOCC Governance Act of 2011 imposes controls on the bonuses of executives of GOCCs, making them subject to the review of the Governance Commission for GOCCs.

Earlier reports said as much as 2.3 billion pesos in bonuses were paid out to GOCC executives in 2012.