Executive Order No. 744 (1981) — WHEREAS, because of the unique functions of the Bureau of Treasury and the importance of its role in contributing to the maintenance of fiscal stability in the nation, said agency should be considered as performing functions similar with those of the agencies in the Ministry of Finance such as the Bureau of Customs, Bureau of Internal Revenue and the Office of the Minister;

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Executive Order No. 744 (1981)

WHEREAS, because of the unique functions of the Bureau of Treasury and the importance of its role in contributing to the maintenance of fiscal stability in the nation, said agency should be considered as performing functions similar with those of the agencies in the Ministry of Finance such as the Bureau of Customs, Bureau of Internal Revenue and the Office of the Minister;

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Sec. 1 Sec. 2 Sec. 3 Sec. 4 · This Executive Order shall take effect on January 1, 1981

Sec. 1

Sec. 1. The salaries of positions in the Bureau of Treasury are hereby increased by 25% or 5 salary steps in the salary schedule of the National Pay Plan;

Sec. 2

Sec. 2. Funds needed to implement this Order shall be drawn from the salary savings of the Bureau of Treasury and Salary Adjustment Fund in the CY 1981 Appropriations Act;

Sec. 3

Sec. 3. Notwithstanding the provisions of this Executive Order, no employee shall be given a salary increase/adjustment which will raise his salary higher than the salary of his immediate supervisor;

Sec. 4

This Executive Order shall take effect on January 1, 1981

Sec. 4. This Executive Order shall take effect on January 1, 1981.

Done in the City of Manila, this 6th day of November, in the year of Our Lord, nineteen hundred and eighty-one.