MANILA, Philippines – Government Service Insurance System (GSIS) President and General Manager Robert G. Vergara was the highest paid government official for 2013.
Vergara’s take-home pay for 2013 dropped though to P12.09 million ($275,618) from P16.36 million ($372,963) in 2012.
The 2013 Report on Salaries and Allowances (ROSA) showed the top 10 highest paid officials came from the Bangko Sentral ng Pilipinas (BSP), with 4; the Philippine Amusement and Gaming Corporation (Pagcor), with 2; GSIS, Land Bank of the Philippines (LBP), Home Development Mutual Fund (Pag-IBIG), and the Angeles City Water District, with one each.
Seven of 2013’s highest paid government officials were executives of government financial institutions (GFIs).
At second spot was LBP President and Chief Executive Officer Gilda Pico who earned P10.29 million ($234,583) in 2013. Pico jumped from 177th spot in 2012 when her pay was listed at P3.38 million ($77,055).
On third place was BSP Governor Amando Tetangco Jr., with a listed pay of P9.99 million ($227,744). Tetangco’s rank was unchanged from 2012, when his earnings amounted to P9.76 million ($222,500).
The other highest paid government officials for 2013 were:
- Pag-IBIG Fund President and CEO Darlene Marie Berberabe – P9.39 million ($214,065)
- Angeles City Water District General Manager Reynaldo Liwanag – P8.8 million ($200,615)
- Pagcor Chairman Cristino Naguiat Jr. – P8.11 million ($184,885)
- Pagcor President and Chief Operating Officer – Jorge V. Sarmiento – P 7.89 million ($179,870)
- BSP Deputy Governor Diwa Gunigundo – P7.58 million ($172,802)
- BSP Deputy Governor Nestor Espenilla Jr. – P7.50 million ($170,979)
- BSP Deputy Governor Vicente Aquino – P7.42 million ($169,155)
The tabulated earnings were based from the basic salaries, bonuses, incentives, and other allowances received by the officials.
To know more, read about the ROSA, go here. – Rappler.com