NYC’s Move on Leave Credits of its Employees Caught Attention of COA
COA – The Commission on Audit reacted to the move of the National Youth Commission regarding the leave credits of its employees.
In both private and public companies and establishments, the regular employees are entitled to paid leaves. Usually, the workers are granted with vacation leave (VL) and sickness leave (SL).
With regards to the VL, companies and government agencies usually ask a prior notice or application of leave from the employees while the SL can be availed after absences due to sickness.
With regards to the leave credits grants in the government agencies, recently, one commission caught the attention of the Commission on Audit.
Based on report on PhilStar, the COA noticed the move of the National Youth Commission (NYC) regarding the leave credits of its employees.
Reportedly, the NYC allowed its employees to monetize 50% of their accumulated vacation leave and sick leave credits. It amounted to a total of Php 858,926.63.
According to the audit body, the NYC granted the leave credit monetization despite the “unjustifiable” reasons of the employees.
The COA cited that the monetization of 50% of the total accumulated leave credits is only allowed if there are “valid and justifiable reasons”. It cited the Executive Order 292 and Circular No. 2012-01 which allow it.
Based on the report, the following are among the reasons considered justifiable for the monetization of 50% of an employees’ accumulated leave credits:
- Health, medical, and hospital need of employee and his or her immediate family members
- Financial aid or assistance due to natural calamities or accidents
As of this writing, there are still no further information with regards to the issue. We’ll keep you posted for updates.
