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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 426
TO
: The Commissioner of the Budget
The Chairman, Commission on Audit
The Secretary of Finance
All Heads of Agencies Concerned
You are hereby directed to implement the increase of the minimum wage provided under Presidential Decree No. 928, for full-time employees of the National Government and for employees of government-owned or controlled corporation, under the following guidelines:
1.
If the daily wage of an employee is less than ten
pesos (P10.00), his daily wage shall be increased to ten pesos (P10.00).
2. If the
daily wage of an employee is less than
three hundred pesos (P300.00), his monthly salary shall be increased to
three hundred pesos (P300.00).
3. The basis
for the increase of the daily wage or
monthly salary of an employee shall be the actual wage or salary
including all percentage adjustments and cost of living allowance, but
excluding subsistence, clothing, laundry, and similar allowances
already received.
4. The
Commissioner of the Budget shall issue the
appropriate rules and regulations to implement this Letter of
Instructions.
5. This wage
or salary increase shall take effect
May 1, 1976.
A similar upgrading in the salaries of employees of local government may be implemented, subject to availability of funds for the purpose as may be determined by the Secretary of Finance.
Done in the City of Manila, this 7th day of July, in the year of Our Lord, nineteen hundred and seventy-six.
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