Rank, Compensation and emoluments.
Section 7
SEC. 7. Rank, Compensation and emoluments. — The aforesaid Regional Directors for Local Government Finance and Assistant Regional Directors of the Department of Finance are hereby assigned to Career Executive Service Ranks IV and V respectively, and shall receive such compensation and other emoluments as nay he authorized under existing laws or regulations for Career Executive Service Officers of the same rank; Provided, That they shall be entitled to promotions in rank and salary adjustments under existing policies and regulations of the CES Board and, Provided, further, that all times the salary of the Regional Director shall be at least one step higher than the salary actually received by the highest paid Provincial or City Treasurer or Assessor in the Region. Those who are designated by the Secretary of Finance in an acting capacity shall continue to receive the salaries authorized for their regular positions payable by their respective offices but they may be entitled to receive additional compensation and/or representation, quarters, transportation and other allowances that the Secretary of Finance may authorize, at such rates as may be fixed under existing laws or regulations or, in the absence thereof, at such rates as may be determined by the Secretary: Provided, however, That such additional compensation shall not exceed thirty per cent (30%) of the basic salary actually received by the officer involved. Other personnel of a regional office may likewise be entitled to receive such cost-of-living allowances and reasonable transportation or other allowances authorized, under existing laws or regulations.