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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...
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Will DepEd Teachers Receive SRI in 2024? Here’s What We Know So Far

As the year comes to a close, many public school teachers under the Department of Education (DepEd) are wondering if they will receive the much-awaited Service Recognition Incentive (SRI) for 2024. This financial assistance has become a beacon of hope for educators, especially during challenging economic times.

Looking Back: SRI in 2023

In December 2023, DepEd teachers received a Service Recognition Incentive amounting to ₱18,000. This was a welcome relief for many teachers, who used the funds to support their families, settle debts, and prepare for the holiday season. It was a testament to the government’s recognition of the vital role that teachers play in nation-building.

Why SRI Matters Now More Than Ever

2024 has been an economically challenging year for many, and teachers are no exception. With the rising cost of basic commodities, transportation, and utilities, many educators are struggling to make ends meet. These financial pressures make incentives like the SRI not just desirable but necessary.

Here are a few reasons why there’s a significant possibility that teachers will once again receive the SRI this year:

  1. Continuing the Tradition
    Over the years, the SRI has been consistently given to government employees, including teachers, as part of the administration's efforts to reward public service workers. This precedent makes it likely that the incentive will be granted again in 2024.

  2. Acknowledging Teachers’ Dedication
    Teachers remain at the forefront of educational reform and innovation, implementing programs like the MATATAG curriculum and adjusting to post-pandemic teaching dynamics. Recognizing their hard work with an SRI aligns with the government’s commitment to valuing educators.

  3. Budget Allocations
    The Department of Budget and Management (DBM) typically sets aside funds for SRI payments for eligible government employees. If the economic environment and fiscal priorities permit, this allocation may already be included in the national budget for 2024.

  4. Boosting Morale Amid Economic Challenges
    Teachers have faced numerous challenges this year, from heavier workloads to inflation-driven expenses. Providing the SRI would serve as both financial relief and a morale booster, ensuring that educators remain motivated to perform their duties.

  5. Political and Social Pressures
    The SRI isn’t just about financial support—it’s also a political gesture. With increasing calls from teachers’ organizations and unions for better pay and benefits, granting the SRI could demonstrate the government’s responsiveness to public sector concerns.

What Teachers Can Expect

While there’s no official confirmation yet regarding the SRI for 2024, the likelihood remains high, given the reasons outlined above. However, the amount and release date may depend on the government’s fiscal capacity and priorities for the year.

Final Thoughts

The Service Recognition Incentive is more than just a bonus; it’s a symbol of appreciation for the hard work and sacrifices of educators. As 2024 draws to a close, teachers across the country remain hopeful that the SRI will once again provide much-needed financial assistance and recognition for their efforts.

For now, patience and vigilance are key. Let’s stay updated with announcements from the DBM, DepEd, and other government agencies to confirm if the SRI will be granted this year. After all, our teachers deserve nothing less than the recognition and support they have earned.

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