DOLE re­mits P333.5M to na­tional trea­sury

Sun.Star Pampanga - - FRONT PAGE -


TO­TAL of P333.53 mil­lion of ex­cess ver­i­fi­ca­tion funds has been re­cently re­mit­ted by the De­part­ment of La­bor and Em­ploy­ment (DOLE) to the Bureau of Trea­sury (BTr) to cover the year 2015.

In a state­ment, DOLE Fi­nan­cial and Man­age­ment Ser­vice Di­rec­tor War­ren Mi­clat dis­closed that they have al­ready re­mit­ted the said amount af­ter they were sent by the Philip­pine Over­seas La­bor Of­fices (POLOs).

“POLOs are re­quired to re­mit their ex­cess ver­i­fi­ca­tion funds pur­suant to Joint Cir­cu­lar No. 3 series of 1999 signed by the Dole, De­part­ment of For­eign Af­fairs (DFA), De­part­ment of Bud­get Man­age­ment (DBM), De­part­ment of Fi­nance (DoF), and the Com­mis­sion on Au­dit (COA),”said Mi­clat.

The col­lec­tion of fee by the POLOs are those paid for the ver­i­fi­ca­tion of over­seas em­ploy­ment con­tracts pre­sented by prospec­tive em­ployer, prin­ci­pal or em­ploy­ment agency in the host coun­try and/ or their au­tho­rized rep­re­sen­ta­tive be­fore the same can be au­then­ti­cated by the DFA au­tho­rized of­fi­cial in the em­bassy.

Among the doc­u­ments be­ing ver­i­fied by the POLOs, which cost US$10 or equiv­a­lent in the lo­cal cur­rency, in­clude con­tract of em­ploy­ment/ Mas­ter/ Model or Pro-Forma con­tract,

proof of visa avail­abil­ity, Job or­der/ Man­power Re­quest, and spe­cial power of at­tor­ney or other sim­i­lar doc­u­ments.

Other doc­u­ments, such as for Group Ser­vice Con­tract of Em­ploy­ment, Re­cruit­ment Agree­ment/ Man­ning Agree­ment and other sim­i­lar con­tract/ agree­ment or other sim­i­lar doc­u­ment/ s, which costs US$30 or equiv­a­lent in the lo­cal cur­rency.

Ex­cess Ver­i­fi­ca­tion Fee Col­lec­tions, mean­while, is the resid­ual col­lec­tion of ver­i­fi­ca­tion fee col­lected by the POLOs for re­mit­tance to the BTr af­ter de­duct­ing all au­tho­rized withdrawals from the Ver­i­fi­ca­tion Fee Fund and other obli­ga­tions not ex­ceed­ing the Ad­vice of Dis­burse­ment Lim­its (ADL) is­sued by the Dole Cen­tral Of­fice dur­ing the year.

In 2015, the to­tal amount re­mit­ted by the DOLE to the BTr for the year 2014 was at P360.41 mil­lion.

(HDT/ Sun­nex)

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