BSP's Tetangco is 2015's highest paid gov’t official
MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr was the highest paid government official in 2015, with total earnings of P13.957 million, the 2015 Report on Salaries and Allowances released by the Commission on Audit on Tuesday, July 5, showed.
His pay was broken down as follows: |
- P6.693 million in basic salary
- P3.912 million bonuses/incentives
- P2.448 million allowances
- P879,456.73 in discretionary funds
In 2015, Tetangco was hailed by New York-based Global Finance magazine as one of the world's top central bankers.
Government Service Insurance System (GSIS) general manager Robert G. Vergara, who was government’s top earner in 2012 and 2013, was second with P13.449 million in earnings. He and Tetangco were the only ones on the list with 8-figure salaries in 2015.
His pay was broken down as follows:
- P7.402 million in basic salary
- P3.81 million in bonuses/incentives
- P1,442 million in allowances, including honoraria and discretionary funds
Third highest paid government official was Securities and Exchange Commission (SEC) Chairperson Teresita J. Herbosa with P9.801 million. She is the only government official included in the list who was not from a government financial institution (GFI).
The rest who made it to the top 20 were the following:
- Development Bank of the Philippines (DBP) board director Anthony T. Robles – P9.368 million
- BSP deputy governor Nestor A. Espenilla Jr – P9.181 million
- BSP deputy governor Diwa C. Guinigundo – P9.156 million
- DBP executive vice president Alexander A. Patricio – P9.058 million
- BSP deputy governor Vicente S. Aquino – P9.032 million
- DBP executive vice president Benel D. Lagua – P8.529 million
- DBP executive vice president Fe Susan Z. Prado - P8.451 million
- Social Security System (SSS) president Emilio S. De Quiros Jr – P8.293 million
- Home Development Mutual Fund (HDMF) CEO Darlene Marie Berberabe – P8.09 million
- Bases Conversion and Development Authority (BCDA) president Arnel Casanova – P7.813 million
- Supreme Court associate justice Diosdado M. Peralta – P7.803 million
- Philippine Amusement and Gaming Corporation (Pagcor) chairman Cristino L. Naguiat Jr – P7.778 million
- DBP president Gil A. Buenaventura - P7.5 million
- Pagcor president Jorge V. Sarmiento – P7.283 million
- BSP-Monetary Board member Juan D. de Zuniga Jr – P7.138 million
- DBP senior vice president Donna P. Shotwell – P7.132 million
- BSP-Monetary Board member Felipe M. Medalla – P7.119 million