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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: πŸ“LOW INTEREST RATE πŸ“LOAN AMOUNT UP TO 500,000 πŸ“5 YEARS MAXIMUM LOAN TERM πŸ“NO HIDDEN CHARGES πŸ“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...

SRI is Real: A Win for Public School Teachers in 2024

December 10, 2024 — A historic day for public school educators! President Ferdinand “Bongbong” Marcos Jr. has taken a significant step toward recognizing the invaluable contributions of teachers by directing the Department of Budget and Management (DBM) and the Department of Education (DepEd) to increase the Service Recognition Incentive (SRI). This announcement resonates as a testament to the government’s commitment to empowering educators and elevating the education sector.

A Financial Boost for Filipino Educators

The SRI, an annual financial benefit granted to government employees, serves as a token of appreciation for their dedication to public service. Under the President's directive, approximately 1,011,800 DepEd personnel stand to receive an increase in their SRI from Php 18,000 to Php 20,000—a much-awaited enhancement that acknowledges the crucial role teachers play in shaping the nation’s future.

This move comes at a critical time when educators face mounting challenges in delivering quality education amidst evolving demands. By prioritizing this initiative, the government reinforces its recognition of teachers as pillars of nation-building.

Balancing Benefits and Budget

President Marcos has instructed the DBM and DepEd to identify sustainable budgetary solutions for implementing the increase this December. The challenge lies in achieving this without compromising the country’s fiscal health—a task that demands strategic financial planning and collaboration between the two agencies.

The President’s approach reflects a balanced perspective, ensuring that while teachers’ welfare is prioritized, the nation’s economic stability remains intact.

A Morale Booster for the Education Sector

Education Secretary Sonny Angara has expressed strong support for the President’s directive, calling it a "significant morale booster" for the teaching community.

“This initiative underscores our shared goal of empowering teachers and reinforcing their critical role in shaping the future of Filipino learners,” Angara stated, highlighting the administration’s commitment to fostering a supportive environment for educators.

What’s Next?

While the exact timeline for the SRI adjustment is still being finalized, the DBM and DepEd are working tirelessly to streamline funding mechanisms and ensure timely disbursement. Further details are expected in the coming weeks, with educators eagerly awaiting the rollout of this increased benefit.

A Step Forward for Teachers

This directive marks more than just a financial incentive—it symbolizes a renewed respect for the teaching profession. By increasing the SRI, the government sends a powerful message that the dedication and sacrifices of teachers are recognized and valued.

The 2024 SRI increase is not just about numbers; it is a promise to uplift those who tirelessly mold the minds and hearts of Filipino youth. It’s a step closer to building a society that truly honors the heroes of education.

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