MEMORANDUM ORDER NO. 32-2005
AUTHORIZING THE MONETIZATION FOR CY 2005 OF A
MAXIMUM OF TEN (10) DAYS OF EARNED LEAVE
CREDITS FOR SUPREME COURT AND LOWER COURT
OFFICIALS AND EMPLOYEES
Conformably with Sections 22 and 23 of Memorandum Circular No. 41, s. 1998, issued by the Civil Service Commission on 24 December 1998, and Budget Circular No. 2002-1 issued on 14 January 2002 by the Department of Budget and Management, all officials and employees of the Supreme Court, the Presidential Electoral Tribunal (PET), and the lower courts, regardless of the status of their employment (permanent, coterminous, temporary or casual), are hereby allowed to monetize at most ten (10) days of their earned vacation and/or sick leave credits subject to the following guidelines:
1. At the option of the official or employee concerned, both kinds of leave credits, whether vacation or sick leave credits, or a combination of both, may be monetized;
2. There shall remain at least five (5) days vacation leave credits after monetization;
3. The formula for the computation of monetization pursuant to DBM Circular No. 2002-1 dated 14 January 2002 shall be as follows:
Monthly Salary x No. of days to be x Constant Factor = Money value of
Monetized (.0478087) Monetized Leave
4. The funds needed for the monetized leave credits shall be taken from, or charged against, the realized savings of (a) the Supreme Court and the PET for the Supreme Court and PET officials and employees; and (b) the lower courts for lower courts officials and employees.
This Memorandum Order takes effect immediately. The Court Administrator, the Acting Clerk of Court of the Supreme Court, the Chief of the Office of Administrative Services, the Acting Chief of the Fiscal Management and Budget Office, and the Officers-in-Charge of the Office of Administrative Services and the Financial Management Office of the Office of the Court Administrator shall forthwith implement it.
Issued this 13th day of July 2005.
(Sgd.) HILARIO G. DAVIDE, JR.