Who's the highest paid in gov't?
MANILA, Philippines - Highest paid? He's no other than Government Service Insurance System (GSIS) president and general manager Robert G. Vergara.
In the 2012 Report on the Salaries and Allowances (ROSA) posted by the Commission on Audit on Saturday, May 25, Vergara is recorded to have received a total of P16.36 million in 2012, almost double the P8.32 million he received in 2011.
The second top paid government official in 2012 was Development Bank of the Philippines (DBP) senior executive vice president Ma. Theresa L. Quirino who made P13,767,289.20 — more than twice her 2011 pay of P6,474,781.41.
Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr dropped to the 3rd spot, down two notches from the top spot in 2011. Tetangco is now 3rd with P9.76 million in 2012, down almost P1 million from his 2011 earnings of P10.58 million.
The other government officials who made it to the Top 10 were:
- DBP chief operating officer Edgardo F. Garcia - P8.3 M
- Philippine National Construction Corporation (PNCC) president and chief executive officer Luis F. Sison - P7.91 M
- Philippine Ambassador to Berlin, Germany Maria Cleofe R. Natividad - P7.48 M
- GSIS corporate secretary Ma. Theresa Raagas - P7.41 M
- Ambassador (to Netherlands) Lourdes G. Morales - P7.32 M
- BSP deputy governor Juan D. De Zuñiga Jr - P7.217 M
- Securities and Exchange Commission chairperson Teresita J. Herbosa - P7.096 M
Vergara’s 2012 pay included P9.65 million in basic salaries for 15 months; P4.97 million in “bonuses, incentives and benefits”; P1.684 million allowances; P7,500 personal economic relief allowance (PERA); and P51,000 listed only as “Others.”
Based on the 2011 COA ROSA, Vergara’s earnings included 12-month salaries of P4.28 million, P1.6 million bonuses, and P2.03 million allowances.
The 2012 report did not provide any explanation why Vergara’s salaries appear to have nearly doubled, while his bonuses and incentives trebled.
On the other hand, the biggest items in Quirino’s pay for 2012 were P3.45 million salaries (12 months) and P10.12 million “bonuses, incentives and benefits.”
This compares with her 2011 earnings of P3.45 million in salaries, P2.29 million allowances, and P686,657.43 in "bonuses, incentives and benefits." - Rappler.com