March 1, 2012 DO 19, s. 2012 – Amendment to the Implementing Guidelines on the Granting of Loan from DepEd Provident Fund
March 1, 2012
DO 19, s. 2012
Amendment to the Implementing Guidelines on the Granting of Loan from DepEd Provident Fund
To : Undersecretaries
Schools Division / City Superintendents
Chiefs of Divisions
All Others Concerned
- Paragraph No. 1 of DepEd Order No. 12, s. 2004 entitled “Revised Implementing Guidelines for the DepEd Provident Fund” which states that “Applicants whose net take home pay is less than Three Thousand Pesos (P3,000.00) are not eligible to borrow from the Fund…” is hereby amended to read as follows:“Applicants whose net take home pay is less than Five Thousand Pesos (PhP5,000.00) are not eligible to borrow from the Fund.”
- This amendment is pursuant to Section 37 of the General Provisions of Republic Act No. 10155, General Appropriations Act of Fiscal Year (FY) 2012, Section X. 9 and consonant with DepEd Order No. 8, s. 2012 entitled “Implementation of P5,000.00 Net Take Home Pay for DepEd Personnel.”
- All other provisions and previous issuances contrary to this Order is rescinded.
- Immediate dissemination of and strict compliance with this Order is directed.
DepEd Order: (Nos. 12, s. 2004, 36, s. 2007 and 8, s. 2012)
To be indicated in the Perpetual Index under the following subjects: