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GCG authorized bonuses for 20 GOCCs

October 14, 2013 6:24pm
At least 20 government-owned and -controlled corporations (GOCCs) received authorization for the release of performance-based incentives for the year 2012, the Governance Commission for GOCCs (GCG) said Monday.

"We issued authorization for about 20 GOCCs," GCG spokesperson Paolo Salvosa told reporters after a press conference in Malacañang.

Among them, he said, are the Social Security System (SSS), the Development Bank of the Philippines (DBP), and the Land Bank of the Philippines (Landbank).  

He could not, however, name all the GOCCs, saying he did not have a complete list at the moment. He also was not able to indicate how much in incentives the board members of the GOCCs were authorized to receive.

But he said they required all these GOCCs to post them on their website as a "good governance condition."

Salvosa made the admission after it was reported that the SSS' governing officials received bonuses averaging a little over P1 million in 2012.

"We've issued an authorization to them [SSS]. As to when they will release it nasa kanila na 'yun," he said.

The GCG has said that the incentives were legal and are competitive with private sector rates.

It also said the performance-based incentives and per diems for SSS executives are spelled out in Republic Act 10149 or the GOCC Governance Act of 2011. It added that it had commissioned Towers Watson Philippines, a third party consultancy, to study private sector rates as basis for SSS incentives.

On Monday, Salvosa defended SSS anew, saying that the state-run pension fund met its targets, and that the number of complaints against it was less than one percent of the total number of transactions made by the agency.

"We do this in coordination with other agencies and then we also publish these score cards ipupublish din po yung kanilang accomplishment report para makita rin po itong public at makita nga kung tama ba yung nirereport ng GOCC na ito.  We also coordinate with other agencies to validate this," he said.

Salvosa, however, said if the anyone wishes to hold the release of the incentives, they can go to the courts.

"They can appeal to the proper agency or they can file a case with the court that depends on the remedy they want to take...until something like that happens we proceed with our work," he said. — BM, GMA News
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