BSP wins ruling on pay increases
The Supreme Court, in an en banc ruling before Christmas but only made public last week, has struck down as unconstitutional a provision in the New Central Bank Act that pegged the rank-and-file salaries of the Bangko Sentral under the Salary Standardization Law.
The controversial proviso of Section 15(c), Article II of Republic Act No. 7653, passed in 1993
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