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Service Recognition Incentive (SRI) 2024 is Real

Many public school teachers and government employees are eagerly awaiting the one-time annual Service Recognition Incentive (SRI) 2024, here are the updates. This incentive is typically granted to qualified public employees based on their agency, employment type, or length of service. Last year, the SRI ranged from ₱10,000 to ₱20,000, providing significant support to ordinary employees. Its purpose is to acknowledge the hard work of employees across various agencies and bureaus in the executive branch.

For Fiscal Year 2024, there are mixed speculations about the SRI. Some believe it will be granted, while others doubt its likelihood. Just today, December 10, 2024, President Ferdinand Marcos Jr. issued statement to direct the DBM for the grant of SRI. President Ferdinand “Bongbong” Marcos Jr. has instructed the Department of Budget and Management (DBM) and the Department of Education (DepEd) to collaborate on increasing the Service Recognition Incentive (SRI) for public school teachers.

This initiative seeks to raise the SRI for approximately 1,011,800 DepEd personnel from the current ₱18,000 to ₱20,000, recognizing their vital role in shaping the nation’s youth. The SRI, a yearly financial benefit for government employees, highlights their dedication to delivering quality public service. The president directed both agencies to explore budgetary options to implement this increase while balancing fiscal responsibilities. DepEd Secretary Sonny Angara welcomed the move, calling it a much-needed morale boost for educators.

In recent fiscal years, the executive department provided employees with a Service Recognition Incentive (SRI) and a one-time rice allowance under AO 2 s. 2024. The SRI has significantly boosted the performance of government agencies in delivering public services. Many government employees, including DepEd personnel, now expect to receive this incentive for Fiscal Year 2024.

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Service Recognition Incentive (SRI) in Fiscal Year 2024

Here are the latest updates regarding the release of the 2024 Service Recognition Incentive (SRI). President Ferdinand Marcos authorized the release of a one-time Service Recognition Incentive (SRI) in the Executive branch for Fiscal Year 2024. “This initiative emphasizes our shared commitment to empowering teachers and recognizing their indispensable role in nurturing the future of Filipino learners,” Angara stated.

In previous years, the government granted an SRI of up to Ten Thousand Pesos (₱20,000) to each employee in the Executive Department. The Department of Education (DepEd) employees received amounts ranging from ₱18,000 but this year it been targeted to ₱20,000.

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