More Than 23, 000 DepEd Employees Not Able To Receive Retirement Pay
Over 23, 000 employees of the Department of Education (DepEd) did not receive their retirement fee and benefits due to unpaid loans.
On Monday (August 21, 2017), DepEd official said that there are more than 23, 000 personnel of the agency who were not able to receive their retirement benefits due to the huge amount of loans they have accumulated.
DepEd Undersecretary Victoria M. Catibog said in a statement that the department would like to transform the mindset of the teachers and personnel in managing their finances and handling money.
“More than 23,000 have retired without receiving a single centavo of their gratuity because even these are not enough to pay for the loans they have accumulated,” said by Catibog quoted by GMA.
The agency would also like to introduce the enhancement of its Automatic Payroll Deduction System (APDS) Program as a policy to improve the operations of the department.
On December 31, 2016, an amount worth of P170.96 billion was the outstanding loan receivables of APDS-accredited private lending institutions (PLIs), according to the latest data.
Education Secretary Leonor M. Briones that the agency would like to equip the teachers and personnel so they could truly earn the fruits of the labor even before retirement.
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