Updated Advisory on Loan Payment refund for April payroll and Moratorium of loan payments

Updated Advisory on the Implementation of IRR 4(AA) of the Republic Act No.11469 otherwise known as "The Bayanihan to Heal as One Act"( loan payment refund for April payroll and Moratorium of loan payments for some GFIs, PLIs, and DepEd Provident Fund for May and June Payroll)

source: Official Facebook Page of Undersecretary Annalyn M. Sevilla

Here is the highlight of the Advisory:
  • Adjustment of payroll system's program for the following: refund of April loan payment deductions to employees, extension of termination dates on loans, prohibition on bumping off of loan deductions of PLIs affected by ECQ, and other terms of GSIS, DepEd Pf and LBP (and PLIs which offered expanded relief option) - timeline on April 13 to 15, 2020
  • Processing April refund to employees on April 15-17,2020 and releasing thru ATM payroll account on April 20-24,2020.
  • Follow-up concurrence/ response of PLIs to the General Letter of DepEd on or before April 15, 2020
  • Issuance of DepEd order on the Internal Guidance on Implementation of 4(aa) of RA 11469 on or before April 17, 2020
  • Processing of May salary 3rd week of April 2020
  • Mid-year bonus- process early but release on May 15, 2020
For more comprehensive information, read the advisory below:

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by: vcc

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