Service credits of teachers can now also be monetized
In a landmark announcement, House Deputy Minority Leader and ACT Teachers Partylist Rep. France Castro revealed that teachers can now monetize their service credits, marking a substantial victory for educators. This development is not just about the removal of the service credits cap of 15 days; it is a beacon of hope for teachers who had long been devoid of options to monetize their service credits.
Understanding Service Credits and Their Importance
Service credits are equivalent to the days that teachers can convert into either leave credits or monetary value. These credits are crucial as they serve as a form of savings for teachers, allowing them to receive additional compensation for the services rendered beyond regular classes. The ability to monetize these credits is a significant advantage, especially for those in need of financial assistance.
The Journey to Monetization
The journey to the monetization of service credits for teachers has been a long one, filled with numerous requests and appeals to the concerned government departments. The Department of Education (DepEd) and other executive departments have been at the forefront, addressing the needs and concerns of the public school teachers regarding service credit monetization.
Regulations and Guidelines
The regulations governing the monetization of service credits are stringent, ensuring that the process is fair and transparent. The rules stipulate that there should remain at least five (5) days of vacation leave/service credits after monetization. The guidelines are set by the Civil Service Commission and the Department of Budget and Management, as seen in Joint Circular No. 2-97, ensuring the proper management and grant of monetized credits.
Impact on Teachers
This development is more than just news; it is a beacon of trust and hope for teachers. It allows them to have more control over their earned credits, providing them with the option to use them as they see fit, whether for vacation, sick leave, or monetization for extra income. This newfound freedom is a testament to the government’s commitment to addressing the needs and welfare of its educators.
The monetization of service credits for teachers is a significant milestone, reflecting the continuous efforts to improve the welfare of educators. It is not just a victory for teachers but also a step forward in fostering trust between educators and government officials. By adhering to the established rules and guidelines, teachers can now enjoy the benefits of their hard-earned service credits, contributing to their financial stability and overall well-being.