DepEd Implementation of Loan Payment Moratorium from April - June 2020

The following shall be implemented in relation to the processing of March, April, May and June 2020 salaries of DepEd employees.

PAYROLL PERIOD FOR MARCH 2020

All due loan payment deductions made in March Payroll will be remitted to concerned PLIs, Government Financial Institutions (GFIs, and DepEd Provident Fund (PF)

Loan Deductions to DepEd employees made in the March payroll will not be refunded.

DepEd will negotiate with GSIS to move the 3-month moratorium from April to June instead of March to May.

PAYROLL PERIOD FOR APRIL 2020

Loan payments for PLIs, GFIs and DepEd PF deducted from employees will instead be refunded through a special payroll. Refund includes payments for GSIS accounts with more than six months' unpaid monthly amortization as of Deb. 29, 2020.

PAYROLL PERIOD FOR MAY 2020

Loan amortizations will be deducted from the May 2020 payroll, but will not be immediately remitted to PLIs pending submission of additional offer for Expanded Relief Option.

GSIS, Pag-IBIG and DepEd PF amortizations will not be deducted from the May 2020 payroll due to moratorium in payment of loans.

PAYROLL PERIOD FOR JUNE 2020

Loan amortization will be deducted from the June 2020 payroll, but will not be immediately remitted to PLIs pending submission of additional offer for Expanded Relief Option.

DepEd PF amortizations will not be deducted from the June 2020 payroll due to the moratorium on payment of loans.

Loan payments for GSIS may either be deducted from the employee salary but remittance may be put on hold OR not deducted at all from the salary depending on the result of DepEd's negotiation with GSIS.