[Philippines] President announces pay rise and medical allowance for GOCC employees

In the Philippines, President Ferdinand R. Marcos Jr. has approved a new round of salary increases and medical benefits for employees of government-owned and controlled corporations (GOCCs), Gulf News reports. 

The move is intended to recognise their significant contributions to the national economy. 

The announcement, made during the 2025 GOCCs’ Day in Malacañang, reportedly comes after a year of record-breaking financial performance by these state-run companies.

'Well-deserved indeed,' President Marcos said, and he noted the approval of the Compensation and Position Classification System (CPCS) II. This system will provide a salary adjustment for GOCC employees. The President has also approved a tiered medical allowance, with the exact amount dependent on each GOCC’s financial capacity.

The raises are a direct result of the GOCCs’ strong financial performance. By September, 53 GOCCs had contributed a total of P116.8 billion in dividends to the government. This substantial sum will be used to fund key government initiatives in education, healthcare, infrastructure, and social protection programs.

For the government corporations which have already implemented the first phase of the salary system, CPCS I, the new adjustments will be applied retroactively from January 1, 2025, once they receive the official authority to implement the changes from the Governance Commission for GOCCs.

Budget Secretary Amenah Pangandaman reportedly said that the President will issue an executive order to formalise the new compensation and benefits. Pangandaman also noted that the GOCC workers’ pay rise aligns with similar increases already being phased in for employees of national government agencies.

Source: Gulf News

(Quote via original reporting)

In the Philippines, President Ferdinand R. Marcos Jr. has approved a new round of salary increases and medical benefits for employees of government-owned and controlled corporations (GOCCs), Gulf News reports. 

The move is intended to recognise their significant contributions to the national economy. 

The announcement, made during the 2025 GOCCs’ Day in Malacañang, reportedly comes after a year of record-breaking financial performance by these state-run companies.

'Well-deserved indeed,' President Marcos said, and he noted the approval of the Compensation and Position Classification System (CPCS) II. This system will provide a salary adjustment for GOCC employees. The President has also approved a tiered medical allowance, with the exact amount dependent on each GOCC’s financial capacity.

The raises are a direct result of the GOCCs’ strong financial performance. By September, 53 GOCCs had contributed a total of P116.8 billion in dividends to the government. This substantial sum will be used to fund key government initiatives in education, healthcare, infrastructure, and social protection programs.

For the government corporations which have already implemented the first phase of the salary system, CPCS I, the new adjustments will be applied retroactively from January 1, 2025, once they receive the official authority to implement the changes from the Governance Commission for GOCCs.

Budget Secretary Amenah Pangandaman reportedly said that the President will issue an executive order to formalise the new compensation and benefits. Pangandaman also noted that the GOCC workers’ pay rise aligns with similar increases already being phased in for employees of national government agencies.

Source: Gulf News

(Quote via original reporting)