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2) Attached in the application is the accomplished application for leave form (CSC Form 6),
duly certified by the Campus Personnel Officer of the available vacation/sick leave credit
balances. Said certification will serve as one of the bases for the Campus Monetization
Committee of their recommendations to the Campus Executive Director.

3) Once approved for payment, no erasures or changes is allowed in all documents of the
application, with particular emphasis on the number of approved leave credits to be
monetized and the amount granted.

4) Before the release of payment, the documents should pass through the Campus
Personnel Office for final posting of the number of approved monetized leave credits in
the ledger.

5) To ensure faithful compliance of the IRRM and for monitoring purposes, the only
authorized signatory of pay checks for monetization is the Vice-President for
Administrative and Finance Services.

RULE V
CAMPUS MONETIZATION COMMITTEE

SECTION 12. Responsibilities and Composition – The Campus Monetization Committee shall be
responsible for the evaluation of all applications for monetization of leave credits and shall make
the proper and necessary recommendations, subject to the final approval of Campus Executive
Director of whatever actions to be taken to the same.

The Campus Monetization Committee shall have the following composition:
1) Campus Administrative Officer as Chair; and
2) The following members:
a) Representative from Campus Finance Office;
b) The head of the Campus Medical Clinic or the University Physician as the case may
be or their duly authorized representative;
c) Duly authorized representative from faculty association or non-academic association,
as the case may be.

RULE VI
FUNDING

SECTION 13. Funding Source – The funding requirement shall be charged against savings for
Personnel Services in the campuses and the amount thereof to be allocated shall not exceed
twenty percent (20%) for this purpose.

RULE VII
EFFECTIVITY
SECTION 14. Effectivity of the IRRM – This implementing rules and regulations took effect on
June 1, 2005, by virtue of Board Resolution No. 46, s. 2005 approved by the Board of Regents.

ALETH M. MAMAUAG, Ph.D.
President