Senate okays reso suspending GOCC, GFI execs’ fat perks 09/02/2010

Senate okays reso suspending GOCC, GFI execs’ fat perks
09/02/2010
The refund of the reported P127-million “bonuses” allegedly received by former Social Security

System (SSS) president Romulo Neri and chairman Thelmo Cunanan along with several others was sought by senators yesterday.

They, along with several other executives from government-owned and -controlled corporations (GOCCs) uncovered to be receiving fat salaries and excessive allowances, are being made to remit to their respective agencies the amounts they have declared as “benefits,” said to be in the hundreds of millions of pesos.

This is contained in the Senate resolution formally adopted yesterday in the plenary which calls on President Aquino to suspend all the bonuses and allowances of the governing boards of the various GOCCs and have these sums of money turned over to the country’s coffers.

Senate Resolution 17 was unanimously approved by its members.

Sen. Franklin Drilon, in an interview yesterday clarified that it is only the benefits that the governing boards get from their own agencies that are being called to be suspended by the Executive.... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100902hed4.html