Deped to refund Loan payment on April 20, process May salary, Mid-year bonus early

Deped to refund Loan payment on April 20, process May salary, Mid-year bonus early

The Department of Education (DepEd) will start the processing of the April Loan Refund to its employees on Wednesday, April 15 to 17, and release thru ATM starting April 20 as stated in DepEd Advisory on the Implementation of IRR 4 (AA) of the Republic Act No. 11469, otherwise known as "Bayanihan to Heal as one Act" dated April 13, 2020.

In accordance with the agreements of the Deped's Executive Committee (EXECOM) and Management Committee (MANCOM), in their respective meetings last April 7, 2020, and in consultation with Private Lending Institutions (PLIs) and DepEd internal stakeholders on April 7 and 8, 2020, respectively, concerned offices were directed to make necessary steps as follows:

1. Adjust payroll system's program for the following:

a. refund of April loan payment deductions to employees from April 13 to 15 and releasing thru ATM payroll account on April 20-24,

b. extension of termination dates on loans from April 13 to 15,

c. prohibition on bumping off of loan deductions of PLIs affected by ECQ from April 13 to 15

2. Process and release the April refund to employees
Processing: April 13 - 15, 2020
Releasing: April 20-24, 2020

3. Follow up concurrence/ response PLIs to the General Letter of DepEd

4. Issuance of DepEd Order on the Internal Guidelines on Implementation of 4 (AA) of RA 11469

5. Process the following:
a. May salary - 3rd week of April 2020
b. Mid-year bonus - process early but release on May 15, 2020

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