What is SSL v second tranche?
Salary Grade for 2021 is the second tranche of SSL V. Salary Standardization V increases the salary of government employees in the Philippines except for the military service since they have their own salary grade table. Read the Modified Base Pay schedule of military and uniformed personnel here.
How many tranches are there in SSL?
With the enactment of the SSL, salary schedules of government workers will be increased in 4 tranches every January starting 2020 until 2023.
What is the salary standardization law?
Background. RA No. 114661. otherwise known as the “Salary Standardization Law of 2019,” provides the modification of the Salary Schedule for Civilian Personnel and authorizes the grant of additional benefits.
What is SSL third tranche?
Based on the Senate Bill No. 1219 and House Bill No. 5712 the proposed date of effectivity or implementation of the Salary Standardization Law V or SSL V Third Tranche is on January 1, 2022.
How many tranches are in salary?
Said Act also states that the modified Salary Schedule for Civilian Personnel shall be implemented in four (4) tranches, i.e., from FY 2020 to FY 2023.
What is second tranche?
Second Tranche means the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement.
How many tranches are in salary grade?
Under the Salary Standardization Law of 2019, the government implements a new salary schedule (also called the salary grade table) reflecting increased monthly salaries in four tranches or annual installments from 2020 to 2023.
What is third tranche?
Third Tranche means the Tranche of the proceeds of the Credit allocated to Category (3) in the table set forth in paragraph 1 of Schedule 1 to this Agreement; Sample 1.
Is there a salary increase for teachers in 2022?
Teacher 2 (Salary Grade 12) The salary was increased from P24,495 in 2020. In 2022, the salaries of those holding this position will be increased to P27,608, and in 2023 Teacher 2 will get P29,165.
What is Step 1 in salary grade?
3.7 The Salary Schedule Each of Salary Grades 1 to 32 consists of 8 salary steps which are used to provide incentives for length of service in the position. Salary Grade 33 has only 1 salary step. The 1st salary step is the minimum or hiring rate. The 2nd to 7th salary steps are the intermediate salary rates.
What is the meaning of 1st tranche?
First Tranche means, calculated separately for each CFD, one or more series of CFD Bonds (including refunding bonds) secured by the levy of Project Special Taxes in such CFD, the proceeds of which the Agency is obligated under this Financing Plan to use to finance Qualified Project Costs.
How much is the salary increase for teachers in 2021?
1,5%
To accommodate this approach, new salary scales will be issued. Please note that for employees who qualified for pay progression in 2021, the 1,5% once-off pensionable salary adjustment replaces the 1,5% pay progression for this year.
Is there a 4th tranche of Salary Standardization Law?
Salary Grade 2019 | Fourth Tranche of Salary Standardization Law (SSL) The Salary Grade 2019 Table is based from the Executive Order No. 201. This is the salary grade table for the Fourth Tranche of Salary Standardization Law (SSL) which will be effective on January 1, 2019.
How many tranches are there in the salary schedule?
For personnel of national government agencies (NGAs), the Salary Schedule in Section 7 hereof shall be implemented in four (4) tranches, with the first tranche beginning on January 1, 2020, the second tranche beginning on January 1, 2021, the third tranche beginning on January 1, 2022, and the fourth tranche beginning on January 1, 2023.
What is the date of effectivity of Salary Standardization Law v?
Based on the Senate Bill No. 1219 and House Bill No. 5712 the proposed date of effectivity or implementation of the Salary Standardization Law V or SSL V Fourth Tranche is on January 1, 2023. On January 8, 2020, President Rodrigo Duterte signed this into a law.
What is the Salary Standardization Law of 2019?
Section 1. Short Title.— This Act shall be known as the “Salary Standardization Law of 2019”. Section 2. Statement of Policy.— It is hereby declared the policy of the State to provide all government personnel a just and equitable compensation in accordance with the principle of equal pay for work of equal value.