LANDBANK releases advisory regarding the release of SRI 2020

LANDBANK releases advisory regarding the release of SRI 2020

Landbank Deped Teachers Service recognition incentive 2020

The LANDBANK has released advisory regarding the release of SRI 2020, Including the official release of Service Recognition Incentive (SRI).

SRI Update as of December 26, 2020.

The Office or the President of the Philippines awed Administrative Order (AO) No 37. s 2020 to reward and recognize the collective and unceasing participation and invaluable contribution of government employees to the Administration’s continuing efforts toward the establishment of streamlined government processes and more responsive delivery of public services, specially in the midst of the pubic health emergency caused by the COVID-19 pandemic.

In line with this the LANDBANK Board of Directors approved via referendum, the release of one-time 2020 SRI in the amount of P10,000, net of applicable income tax, on 29 December 2020 through payroll account to all qualified personnel still in the service as of 30 November 2020.

Moreover, For those employees who have rendered less than a total or an aggregate of four (4) months of satisfactory service as of 30 November 2020 shall be entitled to a prorated share of the SRI, as follows

SRI 2020

Service recognition incentive 2020

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