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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...

A Comprehensive Guide to the Updated Salary Schedule for Philippine Government

In a recent move to enhance the compensation structure for government personnel, President Ferdinand R. Marcos Jr. has issued Executive Order No. 64, which outlines significant updates to the salary schedule for civilian government employees. This update is designed to align government compensation with prevailing private sector standards, ensuring fair and competitive pay. The changes will be implemented in four tranches, reflecting a structured approach to salary increases.

In this blog post, we'll walk you through the key details of Executive Order No. 64, including the updated salary schedule and the step increments for each tranche.

Overview of Executive Order No. 64

Executive Order No. 64 is a pivotal step in updating the compensation framework for government employees. It addresses the need to keep salaries competitive and reflective of the evolving economic landscape. The order outlines a revised salary schedule that will be implemented in four phases, known as tranches.

Key Provisions of the Updated Salary Schedule

1. Four-Tranche Implementation

The updated salary schedule will be rolled out in four tranches, each representing a phase of salary increases. This phased approach allows for a gradual adjustment in compensation, making it manageable within the government's financial capacity.

2. Coverage

The revised salary schedule applies to all civilian government personnel across various branches and agencies, including:

  • The Executive, Legislative, and Judicial Branches
  • Constitutional Commissions and other Constitutional Offices
  • Government-Owned or -Controlled Corporations (GOCCs) not covered by RA No. 10149 or EO No. 150
  • Local Government Units (LGUs)

This comprehensive coverage ensures that a wide range of government employees benefits from the adjustment, promoting fairness and consistency in compensation.

3. Exclusions

It’s important to note that certain categories are excluded from the salary increases:

  • Individuals engaged through job orders, contracts of service, consultancy, or service contracts without an employer-employee relationship.
  • GOCCs with a separate Compensation and Position Classification System approved by the Governance Commission for GOCCs (GCG).

Complete Table of Salary Increases

For those keen on understanding how these increases translate into actual figures, here is the detailed table of salary adjustments from the 1st to the 4th tranche. This table illustrates the specific changes in salaries for various government positions, ensuring transparency and clarity.


Note: The specific figures for each tranche and position will vary based on the latest adjustments and classifications as per the Executive Order.

Step Increments

In addition to the overall salary increases, the updated schedule includes step increments. These increments ensure that employees receive periodic increases based on their performance, tenure, and position level. The step increments are designed to reward long-term service and enhance job satisfaction.

Conclusion

Executive Order No. 64 marks a significant advancement in the compensation structure for Philippine government employees. By implementing these salary adjustments in four tranches, the government demonstrates its commitment to fair and competitive remuneration. The updated salary schedule aims to attract, retain, and motivate skilled personnel, ultimately leading to improved public service.

For detailed information on the specific salary increases and step increments, government employees are encouraged to consult their respective HR departments or official government communications. This update is a positive step toward enhancing the welfare of public servants and ensuring they are adequately rewarded for their invaluable contributions.

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