Internal Guidelines for the Release of Trust Funds

July 5, 2012NLRC ADMINISTRATIVE ORDER NO. 07-17-12FOR:All Officials and Employees Concerned   NLRC Central Office, 7th and 8th Divisions, Regional Arbitration Branches   RE:Internal Guidelines for the Release of Trust Funds In view of various complaints received and the inconsistent procedure in the release of trust funds, the following internal guidelines are hereby issued to ensure uniformity of procedure in the release of trust/fiduciary funds:1. Objectivesa. To prescribe a uniform procedure in the processing and requirements for the release of trust funds.b. To set a clear delineation of responsibilities of each office over the release of trust funds.c. To simplify the procedure and eliminate "red tape" in the processing of the release of trust funds.2. General Guidelinesa. All releases from trust funds shall be covered by an approved disbursement voucher in the name of the payee who should be a party in the labor case as per Order of Release issued by the Labor Arbiter or the Commissioner.b. All checks shall be crossed or marked "for payee's account only" except when the amount to be released in...