Pursuant to National Budget Circular No. 575 dated March 25, 2019, implementing Executive Order (EO) No. 201, s. 2016 as amended by EO No. 76, s. 2019, your salary as {{ $position }} is hereby adjusted effective {{ $effectivity_date }} as follows:

1. Actual monthly basic salary effective {{ $effectivity_date }}, under the new Salary Schedule:

(SG - {{ $current_salary_grade }} Step {{ $current_salary_grade_step }})

₱ {{ number_format($current_salary_grade_rate, 2) }}
( {!! number_format(($current_salary_grade_rate*12), 2) !!} ) p.a.

2. Actual monthly basic salary as of {{ $m_basic_salary_date }}

(SG - {{ $new_salary_grade }} Step {{ $new_salary_grade_step }})

₱ {{ number_format($new_salary_grade_rate, 2) }}
( {!! number_format(($new_salary_grade_rate*12), 2) !!} ) p.a.

3. Adjusted monthly basic salary effective {{ $effectivity_date }} (1-2)

₱ {!! number_format(abs($new_salary_grade_rate-$current_salary_grade_rate), 2) !!}

It is understood that this salary adjustment is subject to review and post-audit, and to appropriate re-adjustment and refund if found not in order.