President Rodrigo Roa Duterte signed Executive Order No. 36 on July 28 suspending the implementation of the compensation and position classification system (CPCS) and the index of occupational services (IOS) of government-owned and -controlled corporations (GOCCs).
This is “to eliminate any excessive, unauthorized, illegal and/or unconscionable allowances, incentives and benefits,” EO 36 added.
In the interim, the compensation framework of GOCCs, including their subsidiaries, will be covered by the new measures under EO 36, subject to the approval of the Governance Commission for GOCCs (GCG)--- the central policy-making and regulatory body that monitors and oversees GOCCs' operations.