DBM Policy Issuance • Executive Order No. 61

FY 2024 Performance-Based
Bonus (PBB) Guidelines

Streamlining the government's incentive system under DBM Resolution No. 2026-1 and Memorandum Circular No. 2026-1 to reward outcome-driven public service.

Evaluation Period

FY 2024

Agency Performance

Eligibility Threshold

70 Points

Minimum required overall score

Legal Basis

EO No. 61

Series of 2024 (Harmonization)

Primary Goal

Meritocracy

Rewarding impactful outcomes

A Simplified Performance Framework

Executive Order (EO) No. 61, s. 2024 mandated the establishment of a Technical Working Group (TWG) to thoroughly review and streamline the government's incentive frameworks. The core objective was to harmonize the complex Results-Based Performance Management System (RBPMS) and the Performance-Based Incentive (PBI) System with current ease of doing business initiatives.

Through Resolution No. 2026-1 and Memorandum Circular No. 2026-1, the TWG finalized the comprehensive guidelines for granting the FY 2024 Performance-Based Bonus (PBB). This represents a shift towards reducing bureaucratic bottlenecks while strictly maintaining accountability based on actual agency deliverables.

Key Guidelines for Qualification

Scoring System

• • 4 Dimensions: Agencies are evaluated on organizational performance, financial stewardship, and operational improvements.
• • 70-Point Rule: To become eligible for the FY 2024 PBB, an agency must attain a minimum overall score of 70 points across all metrics.
• • Financial Results: Actual budget spending versus the realization of committed programs is heavily monitored.

Strict Accountability

• • Isolation of Failures: If an agency receives a low rating in specific eligibility criteria, the entire agency does not necessarily lose the bonus.
• • Targeted Exclusion: The specific units or individuals (including the unit head) most responsible for the failure will be isolated and excluded from the grant.

Rewarding Public Service

The National Government recognizes the critical need to reward state employees for their performance and direct contributions to the government's outcome targets.

By aligning the FY 2024 incentives with the broader Socioeconomic Agenda and the Philippine Development Plan 2023-2028, the DBM aims to foster a culture of excellence, efficiency, and relentless service delivery across the Philippine bureaucracy.

"The grant of the FY 2024 PBB shall proceed in accordance with the guidelines... to reward government employees for their performance and contribution."
— EO No. 61 Technical Working Group

References & Official Documents

• Department of Budget and Management (PDF): Resolution No. 2026-1 and Memorandum Circular No. 2026-1 (Updated Guidelines on the Grant of the FY 2024 PBB)
• DBM Official Resolutions Portal: Historical archive and latest updates on Executive Branch Optimization and TWG Decisions

This page serves as an informational summary of the DBM's latest policy issuances. For complete compliance requirements, refer to the official Memorandum Circulars.

SSS Pension Calculator

Retirement Planning Tool

SSS Retirement Pension
Calculator

Estimate your monthly retirement benefits based on your Average Monthly Salary Credit (AMSC) and your total Credited Years of Service (CYS).

Minimum Required

120

Months (10 Years) of contributions

Additional Benefit

₱1,000

Added to base pension (since 2017)

Calculation Methods

3 Formulas

You receive the highest amount

Retirement Age

60 / 65

Optional vs. Mandatory

Your Details

Average Monthly Salary Credit (AMSC)

₱

Based on your highest 60 months of contributions. Current max is ₱30,000.

Credited Years of Service (CYS)

Years

Total months contributed divided by 12.

Estimated Monthly Pension

₱0.00

Includes the mandatory ₱1,000 additional benefit allowance.

Lump Sum Benefit Only: You need a minimum of 10 years (120 months) of contributions to qualify for a monthly lifetime pension. Based on your input, you will receive a one-time lump sum amount equal to your total contributions plus interest.

Computation Breakdown

The SSS uses three formulas to calculate your base pension. You are legally entitled to the highest resulting amount among the three.

Formula 1

₱300 + (20% of AMSC) + 2% of AMSC per yr over 10 yrs

₱0.00

Formula 2

40% of Average Monthly Salary Credit (AMSC)

₱0.00

Formula 3

Minimum Pension (₱1,200 for 10-19 yrs, ₱2,400 for 20+ yrs)

₱0.00

Understanding Your Retirement Benefit

The SSS Retirement Benefit is a cash benefit granted to a member who can no longer work due to old age. It serves as a financial safety net for your sunset years.

Eligibility Rules

• • Age 60 (Optional): Must be separated from employment or ceased self-employment/OFW operations.
• • Age 65 (Mandatory): Pension is granted regardless of current employment status.
• • Contributions: Must have paid at least 120 monthly contributions prior to the semester of retirement.

Payment Options

• • 18 Months Advance: You can choose to receive your first 18 months of pension in a single discounted lump sum upon retirement.
• • Monthly Pension: Standard lifetime monthly payout. Starts immediately, or resumes after the 18th month if advance was taken.
• • 13th Month: Pensioners are entitled to a 13th-month pension every December.

Maximizing Your Pension

Because Formula 1 relies heavily on your Credited Years of Service (CYS) and your Average Monthly Salary Credit (AMSC), the best way to ensure a high pension is to consistently pay SSS contributions over a long period.

Voluntarily increasing your MSC to the maximum (currently ₱30,000) during the last 5 to 10 years before your retirement will significantly bump up your AMSC, triggering a much higher lifelong payout.

References & Further Reading

• Official SSS Portal: Retirement Benefit Explainer and Eligibility Requirements
• Moneymax Guide: How to Compute Your SSS Pension (Updated Guide)
• Presidential Communications Office: Background on the implementation of the additional P1,000 SSS pension

Disclaimer: This calculator provides an estimation based on standard SSS formulas. Actual pension amounts may vary depending on exact contribution records and historical MSCs.

Social Security System

SSS Contribution
Calculator

Estimate your monthly SSS deductions and employer share based on the mandated 14% contribution rate and current Monthly Salary Credit (MSC) ceilings.

Total Rate

14%

Of Monthly Salary Credit

Employee Share

4.5%

Deducted from salary

Employer Share

9.5%

Subsidized by company

Maximum MSC

₱30,000

Highest computable salary

Computation Details

Membership Type

Private Employee Voluntary / Self-Employed / OFW

Monthly Basic Salary

₱

Exclude non-taxable allowances for accurate MSC mapping.

Total Monthly Contribution

₱0.00

Based on Monthly Salary Credit (MSC) of ₱0.00

Your Deduction

4.5%

₱0.00

Deducted from your payslip

Employer Subsidized

9.5%

₱0.00

Includes ₱0.00 EC contribution

WISP Contribution Included: Because your MSC is above ₱20,000, your total contribution automatically includes portions allocated to the Workers' Investment and Savings Program (WISP).

References & Further Reading

• Official SSS Portal: Current Schedule of SSS Contributions and MSC Brackets (PDF)
• Social Security System: Official Website for member portal access and benefits tracking
• CPI Guide: Detailed breakdown of Employer/Employee shares and EC contributions

Disclaimer: This calculator provides an estimation based on standard formulas and the mandated 14% rate. For exact billing, always refer to your official SSS Statement of Account.

Proposed PERA Increase for Government Workers

Civil Service Welfare • Legislative Update

The Proposed
PERA Increase Bill

Legislative efforts in the House and Senate aim to raise the Personnel Economic Relief Allowance (PERA) to ₱5,000, assisting state workers in coping with the rising cost of living.

Proposed Amount

₱5,000

Monthly allowance

Current Amount

₱2,000

Unchanged since 2009

Adjustment Rate

150%

Significant rate increase

Future Updates

Automatic

Mandatory periodic reviews

Addressing the Impact of Inflation

The Personnel Economic Relief Allowance (PERA) was established to help government personnel weather economic difficulties. However, the allowance has been stagnant at ₱2,000 since 2009. With the continuous inflation over the past decade heavily diminishing the purchasing power of the Philippine Peso, civil servants have long advocated for a structural update.

Consolidating multiple pending bills in both the House of Representatives and the Senate, lawmakers are pushing to mandate a 150% increase, elevating the PERA to ₱5,000. This move is recognized as a vital step toward providing a livable wage to the backbone of the government workforce—including teachers, healthcare workers, and administrative staff.

Key Provisions of the Legislation

Coverage & Funding

• • Universal Coverage: Applies to all civilian government employees (regular, contractual, casual) and uniformed personnel.
• • Tax Exemption: Like the current PERA, the proposed ₱5,000 allowance remains non-taxable.
• • National Budget: Funding will be sourced from the annual General Appropriations Act (GAA).

Future-Proofing

• • Automatic Reviews: Introduces a mechanism for mandatory review and adjustment every three years.
• • Inflation Indexing: Future adjustments will be heavily based on the prevailing Consumer Price Index (CPI).
• • Agency Accountability: DBM and DOF mandated to ensure timely implementation.

Supporting the Frontlines

Beyond just an economic policy, lawmakers frame the PERA increase as a matter of dignity and fairness for millions of state workers.

While finding the budgetary space remains a challenge for the Department of Budget and Management (DBM), advocates argue that investing in the workforce directly translates to more efficient and motivated public service delivery.

"The ₱2,000 PERA granted in 2009 is no longer sufficient to aid our government personnel... It is only just and proper that we augment this to help them keep up with the times."
— Excerpt from Explanatory Notes of the Bill

References & Further Reading

• Senate of the Philippines: Bills filed on the adjustment of the Personnel Economic Relief Allowance
• House of Representatives: Committee hearings on salary standardization and economic relief updates

This page summarizes proposed legislation regarding the PERA increase. Final implementation is subject to congressional approval and presidential signature.

Children's Social Media Safety Act (HB 9965)

Legislative Update • House of Representatives

The Children's Social Media
Safety Act

House Bill No. 9965 proposes strict accountability measures for tech giants, aiming to secure the digital environment for Filipino minors through massive penalties for non-compliance.

Maximum Penalty

₱50M

For platform violations

Bill Designation

HB 9965

Currently filed in the House

Target Protection

Minors

Users under 18 years old

Primary Goal

Accountability

Shifting burden to platforms

Protecting the Digital Generation

In response to the growing concerns over cyberbullying, online exploitation, and the deteriorating mental health of the youth linked to prolonged internet exposure, leaders in the House of Representatives filed House Bill No. 9965, commonly known as the Children's Social Media Safety Act.

The legislation marks a significant paradigm shift. Instead of solely relying on parents to monitor their children's digital footprint, the bill mandates that the social media platforms themselves must proactively design safer digital environments. Failure to implement stringent safeguards will result in unprecedented financial penalties.

Key Provisions of the Bill

Platform Mandates

• • Age Verification: Strict protocols to prevent underage users from accessing restricted platforms.
• • Content Moderation: Algorithmic adjustments to suppress harmful, abusive, or exploitative content targeting minors.
• • Parental Controls: Mandatory, easy-to-use tools for parents to monitor and restrict screen time and interactions.

Enforcement & Penalties

• • Massive Fines: Up to ₱50 million for tech companies found negligent in protecting minor users.
• • Suspension: Potential suspension of ISP routing or business permits for repeat, egregious offenses.
• • Audits: Required regular transparency reports on youth safety metrics to a designated government oversight body.

Balancing Tech and Safety

While the bill has garnered massive support from child advocacy groups and parents, it also opens up a complex debate regarding digital privacy, freedom of expression, and the technical feasibility of foolproof age verification without compromising user data.

Tech companies will be forced to overhaul their localized algorithms, shifting the industry standard from "engagement at all costs" to "safety by design."

"Our children are the most vulnerable users of these platforms. It is time we hold tech giants legally and financially accountable for the digital environments they create and profit from."
— House Proponents of HB 9965

References & Further Reading

• House of Representatives: Official Filing and Status of House Bill No. 9965 (Children's Social Media Safety Act)
• Local News Coverage: Lawmakers push for P50-M fine on social media platforms failing to protect minors

This page summarizes the proposed legislation (HB 9965). Content is based on publicly available filings in the Philippine House of Representatives.

Interactive Growth Projection

Pag-IBIG MP2 Calculator

Project your tax-free returns over the 5-year maturity period. Adjust the monthly contribution, initial deposit, and dividend rate below.

Investment Details

Initial One-time Deposit

₱

Optional starting lump sum.

Monthly Contribution

₱

Minimum of ₱500 per month.

Estimated Dividend Rate

%

Historical average is ~6-7%.

Total Principal

₱0.00

Your total savings

Total Dividends

₱0.00

100% Tax-Free Earnings

Total Value After 5 Yrs

₱0.00

Principal + Dividends

5-Year Growth Breakdown

Year	Cum. Principal	Yearly Dividend	End Balance

This calculator provides an estimate based on compounded annual returns. Actual dividends vary yearly depending on Pag-IBIG Fund's corporate performance.