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Sunday, December 22, 2024

State firms’ workers use up P593m worth of perks

Some P593.586 million went to the additional compensation for workers of 17 government-owned and -controlled corporations in 2017, according to the Commission on Audit.

The agency questioned the National Irrigation Administration’s P250.16 million eaten up by its employees’ viability incentive grant.

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The commission said the grant had “no legal basis” due to the absence of approval from the Office of the President.    

The agency also challenged the Land Bank of the Philippines’ payment of P196.25 million in collective negotiation agreement incentive and ordered it to refund the money.

Those on the list were the International Broadcasting Corp.’s P48.002 million, the Government Service Insurance System’s P22.685 million, Social Housing and Finance Corp.’s P22.174 million, National Electrification Administration’s P19.963 million, Philippine Center for Economic Development’s P10.798 million, People’s Television Network Inc.’s P10.486 million, APO Production Unit’s P3.7 million, Philippine National Construction Corp.’s P2.601 million, National Dairy Authority’s P2.527 million, Trade and Investment Development Corp. of the Philippines’ P2.056 million, Natural Resources Development Corp.’s P1.284 million, National Development Company’s P575,000, and Human Settlements Development Corp.’s P324,000.

The commission challenged the additional compensation, personal economic relief allowances, retirement/gratuity benefits, separation pay, financial assistance, benefits and incentives paid to members of the government firms’ board of trustees, board of directors, management committees and contract of service or job order employees.

It ordered those agencies to stop the practice immediately.            

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