President Ferdinand R. Marcos Jr. (Mark Balmores)
President Marcos has approved the salary increase of government-owned or -controlled corporations (GOCCs) employees.
Marcos made the announcement in his speech during the celebration of GOCC day at the Malacañan Palace on Tuesday, Sept. 16.
"I have approved the Compensation and Position Classification System (CPCS) II that will increase the salaries of GOCC employees. Well-deserved naman," Marcos said.
The President also announced that he approved the provision of medical allowance for GOCC employees.
"I have also approved the provision of a tiered medical allowance for GOCC employees depending on the capacity, of course, of the GOCC," he said.
He clarified that for corporations that had already implemented the earlier Compensation and Position Classification System (CPCS) 1, the adjustments will apply retroactively.
"Further, for GOCCs that implemented CPCS 1, the increases will retroact to 01 January 2025, upon receipt of their Authority to Implement from the GCG," Marcos said.
The Chief Executive said the move ensures fair recognition for workers who continue to uphold efficiency, transparency, and accountability in public service.
Ensure transparency, accountability
In his speech, Marcos also commended GOCCs for their record-high dividends.
He said GOCCs have overcome a history of inefficiency and mismanagement to emerge as symbols of reform and resilience in governance.
“Inefficiency, lack of accountability, and financial strain tested their credibility. But our GOCCs did not fold under pressure. Instead, the GOCCs persevered, treating every difficulty as a chance to reform, to rebuild, and to restore public trust,” Marcos said.
The President cited steady growth in GOCC remittances, which averaged P36 billion between 2011 and 2013 and reached P137.26 billion in 2024.
He added that collections this year have already reached P106.09 billion as of September.
“From 2011 to 2013, the authorized dividend remittance of GOCCs reached an average of P36 billion. This trajectory only grew stronger, surpassing P137 billion in 2024,” Marcos said.
Marcos underscored that these figures represent direct benefits for Filipino communities, as the revenues fund infrastructure, health care, education, and social welfare.
Meanwhile, the Chief Executive also urged GOCCs to invest in modern technology, simplify processes, and cut down on red tape.
"For the rest of the bureaucracy, our job is to ensure that the dividends of our GOCCs will redound to better services," he said.
"We need to spend these funds with utmost transparency and accountability. Public trust is our most valuable currency. Once lost, rebuilding it becomes far more difficult," he stressed.
The President underscored that the funds should "promote genuine reforms that uplift the quality of life, reach the vulnerable, and leave a lasting contribution for the generations to come."