Teachers! Here is the Updated Guidelines on the Processing of Monetization of Leave Credits (MLC) for FY 2019, see below link to view the full text version of this guideline.
In processing requests for MLC, use any available appropriation under the Agency’s annual budget. Otherwise, special budget request may be submitted to the Department of Budget and Management for consideration.
Priority shall be given to requests for monetization based on the following reasons:
- (1) Health, medical, and hospital needs of the employee and the immediate members of his/her family; and
- (2) Financial needs brought about by force majeure events such as calamities, typhoons, fire, earthquake, and accidents that affect the life, limb, and property of the employee and his/her immediate family.
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