DepEd reconciling teachers’ loan payments with GSIS

DepEd reconciling teachers’ loan payments with GSIS

DepEd reconciling teachers’ loan payments with GSIS

The Department of Education (DepEd) on Monday mentioned it’s now within the technique of addressing the P362-million price of “unauthorized, unnecessary, and dormant” financial institution accounts, in addition to the deductions from lecturers’ salaries for mortgage funds which have but to be mirrored with state insurer Government Service Insurance System (GSIS).

During the finances deliberation of the Senate committee on finance, DepEd Undersecretary and spokesperson Michael Poa mentioned the division is now closing down the accounts flagged by the Commission on Audit (COA).

“We simply regarded into this and we have been advised that these accounts have been initially tagged unauthorized kasi hindi makita ng COA ‘yung (because the COA cannot find the) legal basis for the existence of these accounts,” he said.

“Since the audit, pinakitaan na sila ng finance team ng either MOA (memorandum of agreement) or deeds of donation or kung ano mang dokumento that there’s a purpose para don sa mga accounts na ‘yon,” he added.

(Since the audit our finance team has shown them either a MOA or deeds of donation or whatever documents that there’s a purpose for these accounts.)

This comes after state auditors flagged the P362-million funds in banks underneath the accounts of its central workplace and 9 regional workplaces which have but to be reverted again to the nationwide treasury.

According to Poa, the DepEd is now within the technique of closing down such accounts however it’ll first must reopen the accounts and withdraw the funds previous to this. The funds will then be despatched to the Bureau of the Treasury (BTr).

In the identical listening to, Poa was questioned by Senator Aquilino “Koko” Pimentel III relating to the reported deductions from the salaries of lecturers for loans with the GSIS, however such funds have but to be mirrored.

According to Poa, the DepEd is now working intently with the GSIS to reconcile the databases of each businesses to make sure that funds are mirrored with the state insurer.

“Usual na nangyayari ‘yan, that’s why ang ginagawa po namin ngayon, I came from the GSIS actually prior to joining DepEd, marami po talagang agencies na nahihirapan mag-remit whether it be siguro hindi nagma-match ‘yung sistema nung agency sa sistema ng GSIS,” he mentioned.

(This is a standard prevalence, that’s why what we’re doing, I got here from the GSIS truly previous to becoming a member of DepEd, there are actually a number of businesses which have difficulties in remitting, perhaps their techniques don’t match with the GSIS.)

Poa mentioned the DepEd has since been having month-to-month conferences with the GSIS to reconcile the info between the 2 businesses, as he mentioned that within the case of latest hires, funds have already been made by the worker, however the person will not be but within the GSIS database.

“We hope to reduce, if not eradicate, the amounts for reconciliation,” he mentioned.

Under the Constitution, the federal government is remitted to allocate the best budgetary precedence to training. The National Expenditure Program (NEP) allotted P924.7 billion for the training sector, with the DepEd getting P758.6 billion.—LDF, GMA Integrated News

Source: www.gmanetwork.com