Despite the hundred and one bullet points in the seemingly ‘setbacks’ of choosing such “noble” profession- teaching, rather than settling for more practical-based ones, there are of course the same if not more positive things that are just awaiting to be given the spotlight on.
Yet, since public schools are the one that’s most regulated by the government, the following list of rewards and benefits then is only applicable to those that are teaching in public schools.
To have you enlightened with what being a teacher in the Philippines has in store for you, here is a list tailored for that said need:
According to Budget Circular Number 2017 that is issued by the Department of Budget and Management (DBM) dated May 8, 2017-
Mid-year bonus would be equivalent to a (1) one month basic salary which strictly, shall not be given not earlier than May 15.
Also, in order to be qualified with this reward, a teacher must have rendered at least a total or an aggregate of four (4) months of service from July 1 to May 15 with at least has garnered a “Satisfactory Rating”.
A public school’s year-end bonus is equivalent to (1) one month basic salary and most importantly, voila`, it is tax-free!
To be qualified with this, a teacher must have rendered at least four (4) months of service from January 1 to October 31.
A simple give-back to our teachers, indeed! A cash gift amounting to P5,000.
Alike the condition in the year-end bonus, to be qualified with this, a teacher must have rendered at least four (4) months of service from January 1 to October 31.
ENHANCED PERFORMANCE-BASED BONUS (PBB)
The Enhanced Performance-Based Bonus offers a (1) one month basic salary to (2) two months basic salary which is aimed to be implemented within two phases.
PBB ranges from Php 5,000 – Php 35,000 which will be based on the teacher’s identified category. The specific amount for each level are shown in the following:
PERFORMANCE CATEGORY INCENTIVE
Level 8- Php 35,000
Level 7- Php 25,000
Level 6- Php 20,000
Level 5- Php 15,000
Level 4- Php 13,500
Level 3- Php 10,000
Level 2- Php 7,000
Level 1- Php 5,000
Still under PBB, an automatic consideration of P35,000 incentive is given to recipients of National Awards either coming from the Civil Service Commision or the Metrobank Foundation.
PRODUCTIVITY ENHANCEMENT INCENTIVE (PEI)
This incentive amounts to P 5,000 and again, the ever-loved word, tax-free! PEI is to be received no earlier than December 15.
UNIFORM / CLOTHING ALLOWANCE
As stated, for clothing, a P 5,000 per year allowance is allotted to every public school teachers.
Cash allowance is also known as chalk allowance; that of which amounts to P2,500 every school year.
PERSONAL ECONOMIC RELIEF ALLOWANCE (PERA)
PERA is known in the past by the term COLA which means Cost of Living Allowance. Under this, a P2,000 per month is provided to the teacher.
LOYALTY CASH GIFT
Under the condition that a public school teacher has rendered at least 10 years of service up until towards the 5 years thereafter, he/she is a candidate in receiving an amount of P1,000 multiplied to the total number of years he/she has served.
For an overtime pay, the following formulation is considered:
• Hourly rate + 25% of hourly rate
Aligned with this, an overtime work is only recognized if it has occurred within school premises
MEDICAL EXAMINATION AND TREATMENT
Medical examination is a must every year and before official date for the start of teaching. This is compulsory but no worries, this is free of charge.
A 60% of monthly salary is still given to a teacher who is on a study leave as long as it has occurred only within a round of one school year and has already rendered a minimum of 7 years of service.
Additional benefits other than all that has been stated above are the Provident Fund and the benefits as received by being a GSIS, PHILHEALTH and PAG-IBIG member.