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RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...

Senate Bill Proposes Increase in Personnel Economic Relief Allowance (PERA) for Government Employees

Senate Bill Proposes Increase in Personnel Economic Relief Allowance (PERA) for Government Employees

Manila, Philippines — Senator Joseph Victor G. Ejercito has introduced a bill aimed at providing much-needed financial relief to government employees. The proposed legislation seeks to raise the Personnel Economic Relief Allowance (PERA) from its current level to a more substantial amount.

Senate Bill Proposes Increase in Personnel Economic Relief Allowance (PERA) for Government Employees

Background

The PERA was initially established in 1991 through Budget Circular No. 4. At that time, it granted a modest P500.00 allowance to government employees. The purpose was to help offset the impact of inflation caused by rising oil prices. Over the years, this additional compensation was extended to public school teachers and uniformed personnel in the Philippine National Police and Armed Forces of the Philippines under Administrative Order No. 53, issued in 1993.

In 2009, Joint Resolution No. 4 increased the PERA to its current level of P2,000.00. This adjustment aimed to supplement the base pay of government employees, considering the escalating cost of living.

The Need for Further Relief

Despite these efforts, the relentless rise in prices of basic necessities and prime commodities continues to erode the purchasing power of government employees’ salaries. In response to this ongoing challenge, Senator Ejercito’s bill proposes a significant increase in the monthly PERA.

Key Provisions

The bill, officially designated as Senate Bill No. 2562, seeks to raise the PERA to Php5,000. If approved, this adjustment would provide much-needed relief to government workers, allowing them to better cover their primary expenses. The increase aims to alleviate the financial strain faced by employees who have been grappling with the effects of inflation for decades.

Senator Ejercito’s Call for Approval

Senator Ejercito emphasized the urgency of this measure. “Thirty years have passed since the inception of the PERA,” he stated. “It is high time we recognize the sacrifices of our government employees and address their financial needs adequately.”

The bill has been filed during the Nineteenth Congress of the Republic of the Philippines, and its passage would signal a positive step toward supporting the welfare of government workers.

As the legislative process unfolds, all eyes are on the Senate and the House of Representatives to ensure that this crucial relief measure becomes a reality. The approval of Senate Bill No. 2562 would mark a significant milestone in improving the lives of those who serve the nation.

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