NLRC issues guidelines for collection and reporting system of fiduciary fund

            In a Memorandum Circular No. 04-01, Series of 2013, Chairman Gerardo C. Nograles issues the Guidelines for Collection & Reporting System of Fiduciary Fund.

            The memorandum circular was issued to strengthen control measures on the collections and deposits for Fiduciary/Trust and General Fund of the NLRC with the bank in view of the Over-the-Counter-Collection Facility under Memorandum of Agreement in 2009. This is in addition to the measures of effective monitoring of financial accountability in the collection of fees.

            The guidelines and procedures prescribed the process in the collection, the nominal fees, the posting of cash bonds (appeal bond), voluntary compliance to the decision/resolution/order, the garnishments and proceeds from levied property as enforcement of the monetary judgment awards in the decision/resolution/order of the Commission, and the reporting procedures.

            In compliance with the Anti-Red Tape Act of 2007, the step-by-step procedure, the employee/office responsible for each step, the time needed to complete the procedure, and the required documents are specifically included in the guidelines.

            The guidelines issued was part of the administrative intervention of the NLRC to reform labor arbitration and adjudication systems by streamlining procedures, removing red tape, and at the same, restore integrity and fairness in the system.

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Research, Information and Publications Division

National Labor Relations Commission

781-7881/740-7730

  

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