STMC Educational Subsidy 1 & 2 for school year 2022 – 2023

Posted on Apr 13, 2022 in News | No Comments

Dear STMC members,

Good News! ?

The STMC Management would be releasing our Education Subsidy at an earlier date this year 2022.

Below is our policy on Education Subsidy 1 & 2 for school year 2022 – 2023.

Objectives:

To provide financial assistance for the education of members’ dependents thru tuition fee subsidy for school year 2022-2023.

To augment the financial needs of member thru utilization of accumulated statutory funds and members benefits.

I. Eligibility to receive Education Subsidy 1:

As a reward to ALL members as of April 8, 2022 (Note: For this year 2022, STMC will be giving this subsidy to ALL members as financial support during this pandemic period)

 With minimum paid-up capital of P1000

 Active member during payout period.

 Need to submit photocopy of proof of expenses* for school year 2022-2023, with an amount not lower than P500 (*receipt of groceries & medicines will be accepted this year).

Submission starts on May 02, 2022 until August 31, 2022 via COOP drop box or email to rose.endozo@stmcoop.org

 Qualified student can either be a relative or non-relative.

2. Eligibility to receive Education Subsidy 2:

 COOP member as of March 31, 2022

 With minimum paid-up capital of P1000

 Active member during payout period.

3. Sample computation of Education Subsidy 1 & 2

 Computation will be accessible at www.stmcoop.org

 Visit the STMC website and look for LOGIN box

 Type your user name (ST ID#) and password. (The default password is the last 4-digit of your BPI payroll account.)

 Scroll down the “Member Information” button and click “Educational Subsidy”.

 The computation for the Education Subsidy 1 and 2 will appear.

4. Schedule of pay-out

We will credit your Educational Subsidy 1 & 2 to your BPI account on April 13, 2022 (Wednesday).

Education Subsidy 1 shall be forfeited for those who will not be able to present receipts until August 31, 2022

 

For more information, please call STMC office at local 5707 or 5408.

Thank you very much. STay safe!

STMC Management