AMENDATORY RULES AND REGULATIONS GOVERNING THE MONETIZATION OF LEAVE CREDITS OF GOVERNMENT OFFICIALS AND EMPLOYEES
- Inclosed is a copy of CSC-DBM Joint Circular NO. 2-97 dated June 25, 1997 promulgating and adopting rules and regulations to amend Rules IV and VI of Joint CSC-DBM Circular No» 1, s„ 1991, governing the monetization of leave credits of government officials and employees. DOWNLOAD DBM CIRCULAR
- Under this Circular, government officials and employees shall now be allowed to monetize a maximum of thirty (30) days vacation leave/service credits, subject to the following conditions:
- There shall remain five (5) days vacation leave/service credits after monetization; and
- Said official or employee has accumulated no less than fifteen (15) days vacation leave/service credits, in which case he can monetize no more than ten (10) days.
Please be guided accordingly