Plunder of PNCC Gratuity Fund(8)
COMMISSION on Audit further enthused that the members of the Philippine National Construction Corporation Retirement Trust Fund board scored a double whammy against hapless PNCC in that as members, simultaneously, of the PNCC
Board (“This Board”), they also collec-ted ALLOWANCES and O-THER benefits, as follows (total): Monthly Allowance, P42,921,695.29; Mid-year Bonus, P8,100,000.00; Christmas Bonus, P5,428,156.40; Anniversary Bonus, P1,734,626; Rice Subsidy, P501,5500; Incentive Performance Bonus, P37,172,543.75; and Productivity Enhancement Incentive,
P130,000.00 – or a grand total of P95,988,572.39, for CYs 2009 and 2010 only.
And this does not even include RATA (Representation and Transportation Allowances); and reimbursement of Gas and Transportation Allowance.
Since these figures were culled from AVAILABLE do-cuments (e.g., disbursement vouchers and related documents) only (the rest were and continue to be, concealed, per COA Audit Team members), the TOTAL AMOUNT that was stashed from PNCC coffers as a consequence of this gratuity fund mess is your guess that is as good as Rapidfire’s…
A case of a “sinking ship” rewarding much of her purse to officers and favored crew members, as they prepare to jump into the water, what else!
This gratuity fund caper provoked the ire of an out-raged newly-installed PNCC Board, headed by Chair Atty. Rainier B. Butalid, and jol-ted its members to long-neglected/suppressed action.
On June 1, 2011, Chair Butalid formally required the members of This Board to give their written reaction to COA’s already indicated AOM, and to explain why they should not be required to refund/restitute to PNCC the amounts individually cashed advanced to them from its gratuity trust fund. (To be continued)