SBN-981: Renewing the Franchise of ABS-CBN for Another 25 Years
An Act Renewing For Another Twenty-Five (25) Years The Franchise Granted To ABS-CBN Broadcasting Corporation, Presently Known As ABS-CBN Corporation, Under Republic Act No. 7966, Entitled “An Act Granting The ABS-CBN Broadcasting Corporation A Franchise To Construct, Install, Operate And Maintain Television And Radio Broadcasting Stations In The Philippines, And For Other Purposes”
- This bill mandates the implementation of salary increases for government officials and employees in accordance with salary schedules for three (3) tranches. The salary schedules shall be implemented on January 1, 2020 and every January 1 thereafter until the final tranche in 2022.
- The salary increase is equivalent to an accross the board annual ten percent increase for three (3) years plus an additional total of Ten Thousand Pesos (P10,000) in the basic monthly salary spread in three (3) years.
- Signed into law as RA 11466. This was substituted by SBN 1219 under CR 26.
COMMENT : Off