Soldiers, police, and other uniformed personnel will receive their paychecks with a 100 percent increase in base pay on the first payday of 2018, Budget Secretary Benjamin Diokno said Wednesday.
“The Senate President and House Speaker signed yesterday the joint resolution increasing the pay of military and other uniformed personnel in government,” Diokno told reporters during a forum in Manila City.
“So by January umpisa na ‘yan,” he said, noting that President Rodrigo Duterte is expected to sign into law the joint resolution this week.
for the ranks of PO IV up to director general and equivalent ranks to be implemented starting January 1, 2019.
The increase in base pay for soldiers, police, firefighters, and jail guards will cost P64.2 billion for 2018.
“The increase will be funded from the Miscellaneous Personnel Benefits Fund and from the available allotment in the respective budgets of the agencies concerned,” Diokno said.
The pay increase will effectively raise other allowances and bonuses that are computed as percentage of the base salary.
Diokno said the provisional and officers’ allowances will be discontinued as it is an interim measure pending the modification of the base pay schedule.
“The implementation of the new tax reform law will further increase the net take-home pay of the uniformed personnel with the lowering of income tax rates,” he added.