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
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.
Law Information
- Reference Number
- CSC Memorandum Circular No. 02-16
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Civil Service
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
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.
Cite This Law
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. 02-16, Jan 12, 2016 (Philippines)
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. 02-16 (Phil. 2016)
Related Laws
- Constant Factor in the Formula for Computing Terminal Leave Benefits and Monetization of Leave CreditsCSC Resolution No. 1501530 • Dec 21, 2015 • Other Rules and Procedures
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- Computation and Funding of Terminal Leave Benefits and Monetization of Leave CreditsDBM Budget Circular No. 01-02 • Jan 14, 2002 • Other Rules and Procedures
- Amendments to the Omnibus Leave RulesCSC Resolution No. 983142 • Dec 14, 1998 • Other Rules and Procedures
- Guidelines and Procedures on the Grant of Monetization of Leave Credits for PNP PersonnelPNP Memorandum Circular No. 2017-007 • Jan 24, 2017 • Other Rules and Procedures
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