Gov’t Teachers Say Bonuses Will Go Mostly To Pay Debts | #BuhayGuro

Gov’t Teachers Say Bonuses Will Go Mostly To Pay Debts

As government employees receive bonuses starting today, public school teachers lamented that theirs will probably end up as payment for their debts. “The amount, in part or in full will just end-up in debt payments,” National Chairman BenjoBasasof the 30,000-member Teachers’ Dignity Coalition (TDC), said. Incentives expected by public school teachers and other employees are the Year-End Bonus (YEB) which is equivalent to one month’s salary to be given starting November 15, a cash gift of P5,000 to be given along with the bonus, and the Productivity Enhancement Incentive (PEI)…

Pay Hike No Cure-all, Teachers told | Briones on Pay Hike

Pay Hike No Cure-all, Teachers told

Freeing the country’s teachers from the debt trap doesn’t rely solely on increasing their salaries, according to Education Secretary Leonor Briones. In a recent interview with reporters, Briones said while she didn’t oppose raising teachers’ salaries again, they should first be armed with financial literacy. “All of you feel underpaid,” said Briones, addressing herself to teachers. “Even if I have an increase in salary, I will still feel that I’m underpaid.” “That’s because your needs and wants will always exceed your resources. Having increased income is part of the solution…

DepEd Finding Ways to Help Teachers in Debt

DepEd Finding Ways to Help Teachers in Debt

MANILA, Philippines — The Department of Education (DepEd) said it is finding viable means to address the growing debt of public school teachers, which has reached a staggering P300 billion as of last year. In a statement yesterday, the agency said it is relentless in its pursuit to protect its employees and their families from financial and legal implications of non-payment of debt. It noted that around 23,000 teachers retired this year without receiving pension due to unpaid debts. Among other solutions, DepEd sees the need to curb the culture…

Teachers Response | Why Public School Teachers Tend to Overborrow

the teachers have spoken

Manila Bulletin recently posted an article on “Why Public School Teachers Tend to Overborrow” and some teachers responded with sentiments and own experiences why this culture of borrowing even started on the first place. Here is the article posted by Manila Bulletin written by Merlina Hernando-Malipot which was published last October 31, 2017. In an attempt to find out why public school teachers tend to overborrow money from various lending institutions, the Department of Education (DepEd) will look into their “spending patterns” as well as into other possible factors why their…

Public School Teachers May Lose License To Teach Over Unpaid Loans

pay your debt or lose your license to teach

 “Pay your debt or lose your license to teach.” This is the predicament that faces public school teachers, who are already suffering from big pay cuts due to loan deductions, should they fail to settle their debts from Private Lending Institutions (PLIs). Teachers from Central Luzon trooped to the Professional Regulation Commission (PRC) on Friday to appeal the agency “not to take the side” of PLIs – particularly St. Bernadette Lending, among others – when it comes to settling their loans that have accumulated due to high interest rates. Members…