Policemen will receive this month their mid-year bonus following the release of funds to cover for the monetary benefit.
National Police Officer in Charge Lt. Gen. Vicente Danao Jr. announced on Thursday the release of P7,321,377,087 that was allocated for the mid-year bonus for some 222,787 police personnel.
“The dedicated funds are from the regular PNP [Philippine National Police] appropriations itemized under the organization’s budget this year,” Danao said. The mid-year bonus is given annually and is part of the PNP’s budget every year.
PNP Finance Service Director Brig. Gen. Jose Melencio Nartatez Jr. said PNP personnel would receive the bonus on May 17 through their ATM payroll accounts enrolled with the LandBank of the Philippines.
The amount to be given to each personnel will be equivalent to a month base salary.
Pursuant to the Tax Reform Acceleration and Inclusion law, any pay that will exceed P90,000 will be subjected to withholding tax.
“This financial benefit is one of the many ways to recognize the dedication and hard work of our men and women in the PNP. While it is true that our service to the country is priceless, the government finds it fitting to provide its employees with incentives on top of their regular salaries,” Danao said.
However, Danao stressed that those personnel who were found guilty of administrative or criminal cases by final and executory judgment for fiscal year 2022 shall not be entitled to the benefit.