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Amendment to the Constant Factor in the Formula Used for Computing Terminal Leave Benefits (Section 40) and Computation of Leave Monetization (Section 24) of the Omnibus Rules on Leave

CSC Memorandum Circular No. 02-16Other Rules and Procedures

The CSC Memorandum Circular No. 02-16, issued on January 12, 2016, amends the computation of Terminal Leave Benefits and Leave Monetization in light of Republic Act No. 9849, which recognizes Eidul Adha and Eidul Fitr as regular holidays in the Philippines. The constant factor used in these calculations has been revised, taking into account the total days in a year minus weekends and legal holidays. The new formula will take effect 15 days after publication, which occurred on January 7, 2016. All government entities are instructed to adhere to this updated computation method.

January 12, 2016

CSC MEMORANDUM CIRCULAR NO. 02-16

TO : All Heads of Constitutional Bodies; Departments, Bureaus and Agencies of the National Government; Local Government Units; Government-Owned or Controlled Corporations with Original Charters; and State Universities and Colleges
     
SUBJECT : Amendment to the Constant Factor in the Formula Used for Computing Terminal Leave Benefits (Section 40) and Computation of Leave Monetization (Section 24) of the Omnibus Rules on Leave

 

Pursuant to CSC Resolution No. 1501530 dated December 21, 2015, the Commission, in view of the enactment of Republic Act No. 9849 which includes Eidul Adha and Eidul Fitr among the regular holidays now being observed in the Philippines, has resolved to change the constant factor used in computing the Terminal Leave Benefits (Section 40 of CSC Memorandum Circular No. 14, s. 1999) and Monetization of Leave Credits (Section 24 of the Omnibus Rules on Leave), as follows:

 365 = Days in a year

 104 = Saturdays & Sundays in a year

 12 = Legal holidays in a year (in accordance with RA No. 9849)

 12 = Months in a year

12   12    
——————— = —— = .0481927
365 - (104 + 12)   249    

 

This Memorandum Circular shall take effect fifteen (15) days after the publication of CSC Resolution No. 1501530 * in a newspaper of general circulation. DETACa

(SGD.) ALICIA DELA ROSA-BALAChairperson

ATTACHMENT

CSC Resolution No. 1501530

Footnotes

* CSC Resolution No. 1501530 dated December 21, 2015 was published on January 7, 2016 in Philippine Star.