Sunday, November 19, 2017

DepEd takes steps to make sure teachers get at least P4k take-home pay

Oct 28, 2017 @ 9:45

To make sure teachers will have a take-home pay of at least P4,000, the Department of Education is prioritizing loan deductions for the Government Service Insurance System (GSIS) and the Home Development Mutual Fund (HDMF).

In its revised guidelines on the P4,000 net take-home pay for DepEd personnel, the department stressed teachers’ NTHP threshold shall be safeguarded.

“We are also examining emergency measures to assuage the situation of those who have been negatively affected by the recent loan deduction,” DepEd Secretary Leonor Briones said.

“With this, we continue to identify and implement measures that will enable our teachers and personnel to manage their finances and retire comfortably in the future,” she added.

Under the new order, the DepEd said employees’ contributions or obligations of premiums and loans to the GSIS and HDMF shall be given priority in deductions from their salaries.

“The same primacy shall be accorded to payments for the Bureau of Internal Revenue (BIR) and the Philippine Health Insurance Corporation (PhilHealth),” it said.

Briones added DepEd authorized approving officers should “exercise due diligence” in certifying and ensuring that the DepEd personnel applying for loans are aware of their capacity to pay, and of interests and penalties involved.

DepEd noted teachers in public schools receive higher salaries compared to those in private schools and other sectors of government service, but incurred P178 billion in loans from private learning institutions.

They also incurred P123 billion in liabilities due to GSIS as of December 2016.

“Although the net pay may increase or decrease, depending on the GSIS, HDMF, PhilHealth, BIR and other deductions, we would like to assure all DepEd personnel that their net pay, which goes to the provision of their daily needs, will not go lower than the P4,000 threshold,” she said.

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