28/07/2020
TO ALL TEACHERS OUT THERE, TAKE TIME TO READ 🙌🏻
If it is not hitting you then this message is not for you 😊
"Two new laws, RA 10679 and RA 10922 mandate us to teach FINANCIAL LITERACY to students. But I think, if you want to teach financial literacy to students, you have to start with the TEACHERS.” - Sec. Briones
Why?
1. In 2016, 26,000 teachers did not receive any retirement benefits because they needed to pay their loans.
2. Public school teachers’ loans rose to almost P320 billion (P157.4 billion from GSIS and P162 billion from private lending institutions or PLIs).
3. Department of Education Secretary Leonor Briones cited the study of the PIDS (Philippine Institute for Developmental Studies) on households showing that public school teachers are 50% more likely to borrow compared to other government employees.
Solution? Increase salary?
- In the last 19 years, public school teachers received over 100% increase in salaries, 119.25% to be exact. A teacher level 1 who used to receive a monthly salary of P9,466 in 2000 now receives P20,754. If you include benefits, the effective monthly pay is P30,873.
(Source: Philippine News Agency’s article entitled “Over 100% hike in teachers’ salaries in 10 years” published on June 9, 2019
Given the above facts, ang problema ay hindi sa sahod o ang solution ay increase salary, at lalong hindi rin sa pagbigay sa kanila ng maraming loans. (Though our teachers deserve increase in their salaries.)
There’s a lot of stories we’ve heard, watched on tv, on news about some teachers and some Principals who became poor after their retirement. And I’m sure you’ve heard about the story of a former principal who is now a janitor. Ang dahilan? Hindi nila napagplanuhan at napaghandaan ang kanilang retirement fund. Nakakalungkot di ba?
This is just one of the reasons why
👉INTERNATIONAL MARKETING GROUP (IMG) is very dedicated in teaching FINANCIAL LITERACY to everyone. IMG wants every Filipino family to have a better future. IMG wants you to have a better life.
👉In IMG, we educate people on how to build their solid financial foundation.
If you want to learn about this, Send me a message now!
👉 m.me/ronie.lacaza
284007ph.imgcorp.com
