DepEd guarantees restoration of P4,000 net pay beginning October 30 No ratings yet.

THE Department of Education (DepEd) on Sunday assured all teachers and personnel of the restoration of their P4,000 net take home pay (NTHP). Those who received less than the said threshold for the month of October due to deductions for the Government Service Insurance System (GSIS) and the Home Development Mutual Fund (HDMF) will receive the remainder on Monday, October 30, through their Automated Teller Machine (ATM) cards, per the advice of Undersecretary for Finance Victoria Catibog.

The Department prioritized the reinstatement as part of its commitment to ensure that teachers and personnel will receive no less than P4,000 for their NTHP as mandated by DepEd Order No. 55, s. 2017 entitled “Revised Guidelines on the Implementation of P4,000 Net Take Home Pay for the Department of Education Personnel,” signed by Education Secretary Leonor Magtolis Briones. The said order further states that contributions or obligations of premiums and loans to the GSIS and HDMF shall be given priority in deductions from salaries of employees pursuant to Section 47 of the General Provisions of Republic Act (RA) No. 10924, or the “General Appropriations Act of 2017.” The same primacy shall be accorded to payments for the Bureau of Internal Revenue (BIR) and the Philippine Health Insurance Corporation (PhilHealth). The net pay may increase or decrease, depending on the GSIS and HDMF deductions, but DepEd assures teachers and personnel that their net pay will not go lower than P4,000.

The Department likewise reminds them to personally settle dislodged payments for their loans from Private Lending Institutions (PLIs) over the counter. In view of all these, DepEd is continuously identifying measures to protect its employees and their families from financial and legal implications of non-payment of debts. (PR)

source: Sun Star

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Michael Montuya

Michael Montuya

A Public School Teacher who loves to make some IT Stuff such as blog that can help to provide information to all teachers around the Globe.

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