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Solon asks Deped to implement 6-month moratorium on loan payments in Yolanda-hit areas

28 December 2013 No Comment
December 27, 2013
Reference: ACT Teachers Rep. Antonio Tinio (0920-9220817)

ACT Teachers Rep. Antonio Tinio sent the following communication to Department of Education Secretary Br. Armin Luistro today following concerns raised by public school teachers in Tacloban City and Leyte province that the 6-month moratorium on loan payments of members to Government Financial Institutions such as GSIS and Pag-IBIG had not been implemented for their November and December salaries:

Dear Sec. Luistro,

Teachers of the Tacloban City Division and Leyte Division have brought it to my attention that the 6-month moratorium of Government Financial Institutions on loan payments for their members in areas worst-hit by Typhoon Yolanda, as provided for in Malacañang’s Memorandum Circular No. 59, dated Nov. 26, 2013, has not been implemented for their November and December salaries.

Specifically, monthly loan payments to GSIS and Pag-IBIG are apparently still being deducted.

For its part, even before the issuance of the Memorandum Circular, GSIS announced that:

The pension fund is granting a six-month loan moratorium on all outstanding loans of its hardest-hit members to enable them to use the deferred payments on their GSIS loans for rebuilding their homes and other urgent needs.

Loans covered under the moratorium include consolidated loans, housing loans, policy loans, and eCash Advances. The loan moratorium will be extended from November 2013 to April 2014. The payment for existing loans of members will thus resume in May next year. [http://www.gsis.gov.ph/news.php?id=371]

I understand that implementing the said moratorium may require additional administrative work and the overcoming of technical constraints. However, it is clear that the moratorium will indeed provide urgently-needed relief to thousands of Deped teachers and employees in the calamity-stricken areas. Needless to say, the moratorium should include not just Eastern Visayas but all other areas badly-hit by Typhoon Yolanda.

I hope that your office can ensure implementation of the said moratorium at the soonest possible time.

Para sa guro, kawani, at bayan,

Rep. Antonio L. Tinio
ACT Teachers

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