NOTE: TO APPLY, READ THE ENTIRE GUIDELINES FIRST AND CLICK ON THE “APPLY ONLINE” BUTTON AT THE END OF THIS POST.
In 2011, One Meralco Foundation, Inc. (OMF) launched the MVP Academic Achievement Award (MVP AAA) to provide financial assistance to deserving elementary, high school and college children of MERALCO employees in the rank and file and supervisory levels. The MVP AAA project is not a scholarship program but a one-time grant where parents will receive financial assistance for their dependents’ educational expenses. The grant may be used exclusively to subsidize tuition fees, purchase books, laptop computers or tablets, or school supplies needed by the student. The grant is non-transferable.
In 2012, the program was extended to include dependents of regular subsidiary employees and added the criteria of income in the candidate selection process to target beneficiaries who are more in need. In 2013, it was extended to sibling-dependents to also serve the younger generation employees who likewise work hard to support their families.
Since 2016, the number of dependent winners has been set at 210, distributed across the different levels (75 – elementary, 75 – high school and 60 – college).
The funds for the MVP AAA come from OMF. The committee also reserves the right to change the mechanics for the implementation for the following year’s grants program.
GOALS AND OBJECTIVES
- To provide an educational assistance (one-time financial grant) to children and siblings of qualified rank and file and supervisory employees of MERALCO and its subsidiaries.
- To recognize and encourage academic excellence among the children or siblings of employees of Meralco and its subsidiaries.
NATURE OF GRANT
The OMF will give a one-time cash grant of Php 20,000.00 each to 210 children chosen from Rank-and-File and Supervisory-level employees of Meralco and its subsidiaries, grouped as follows:
WHO MAY APPLY?
- Rank & File and Supervisory employees may apply for their children or siblings provided they must be declared their dependents on HR Express for Meralco or 201 file for subsidiaries by May 31, 2020.
- An employee applicant should have achieved at least a Level 3 or its equivalent in the 2019 annual performance rating. The project is designed in a way that both the employee-applicant as well as the dependent-nominee will work together for the award.
- Employees of MERALCO and its subsidiaries must have no record of disciplinary action, served or pending within three years prior to the date of nomination.
- If both parents work in Meralco and/or its subsidiaries, the one with the higher monthly basic salary will be the basis for the income qualification.
Example: Husband = Monthly Basic Pay P 40,000.00
Wife = Monthly Basic Pay P 20,000.00
Therefore, husband’s salary will be used as basis.
- Each qualified employee can nominate only one (1) dependent per family per year.
- The dependent-nominee must be incoming grade 2 student up to incoming 5th year college student by SY 2020 – 2021.
- Dependent nominees must have at least a General Weighted Average (GWA) of 85% with no individual subject grades lower than 80% in any of the grading periods/semesters of SY 2019- 2020. For those with a non-numerical grading system, school-certified conversion should be applied, and the numerical equivalent considered.
WHO ARE NOT QUALIFIED?
- 2019 MVP AAA Dependent-Awardees are automatically disqualified. Other children-dependent of the same employee may be nominated for 2020.
- Officers, Executives, and their spouses are disqualified to nominate their dependents to join the program.
- Scholars are disqualified from the program.
- The officers and staff of One Meralco Foundation, Inc., Meralco’s Corporate Social Responsibility Office and Meralco’s Employee and Labor Relations department are disqualified to join this program.
APPLICATION PROCEDURES AND REQUIREMENTS
Interested applicants must follow the process as described in detail below:
- Go online to access the MVP AAA Online Application Form in this URL: http://www.onemeralcofoundation.org/mvpaaa/, and fill out the online application form.
- Applicants are required to email the following supporting documents to: email@example.com.
[ ] Scanned copy or clear photo of Students’ Proof of Grades 2019-2020 (latest report card, class card or transcript of records)
Note: For non-numerical grading system, certification from school proving the authenticity of conversion of grade to its numerical equivalent should also be submitted.
[ ] High-resolution photo of student in uniform (business attire for those who are not required to wear a uniform). The student must be smiling, directly facing the camera, and framed from head down to the waist level (half-body shot).
The information and documents submitted are to be certified true and correct with the applicant’s agreement secured through the online form. If there are questions in the authenticity of any of the documents submitted, the committee may reach out to the applicant for further validation.
Applications not accompanied by the required supporting documents, or with incomplete information will not be processed.
All documents and data submitted will be treated with utmost confidentiality and will be used solely for evaluation purposes for the grant.
OMF will be accepting applications only until 11:59PM, July 3, 2020. No extension shall be given. Applicant will receive confirmation of application submission right after completing the online form and will also be receiving acknowledgement in the registered email address.
For inquiries and clarification on the MVP AAA, please call and/or email Ms. Rhea Fernandez-Iligan at local 3148 or email firstname.lastname@example.org.
MVP AAA REVIEW COMMITTEE
OMF has formed a review committee which will confirm the correctness of the ranking and the authenticity of supporting documents submitted. The committee is composed of representatives from HR Operations, Internal Audit and Corporate Governance & Compliance Office. The confirmation of the review committee is final and no appeal shall be entertained. The committee will be supported by the Human Resources Business Partners for Shared Services, Networks, CRS and Subsidiaries.
When all the applications are received, they will be grouped according to the following:
- Meralco Rank and File
- Meralco Supervisory Level
- Meralco Subsidiaries
STEP 1 – Group by student academic level
Within each group identified above, applications will be grouped into 3, according to student level: Elementary, Junior and Senior High School, and College
STEP 2 – Confirm applicants meet the required minimum GWA
Within each group, confirm that applicants meet the required minimum set GWA. Remove those not meeting it from the qualified list.
STEP 3 – Rank according to monthly basic salary (lowest to highest)
Applications shall then be ranked based on the monthly basic salary of the employee, lowest to highest. Employee-applicant must declare their monthly basic salary as of 31 December 2019 in the application form. The MVP AAA review committee will rank the top applicants according to the allocation of grants per employee levels. In case of a tie in the ranking of salary, the employee-dependent with the higher GWA will be considered ahead.
STEP 4 – Final Review by the committee
The final list will be reviewed by the MVP AAA Review Committee and will be presented to the President of OMF for approval. No officer or staff of the Foundation will be part of the review committee. When confirmed, the list of grantees for the year will be announced by OMF through the following communication channels – Workplace and Email.
One Meralco Foundation, Inc. will schedule a virtual awarding ceremony on July 17, 2020. Parents, siblings, and their dependent-nominees are encouraged to watch the awarding ceremony online. The link to the awarding ceremony/program will be shared to the winners through Email, Workplace, and SMS/text message.
The grant will be deposited to the employee-winner’s payroll account on the day of the awarding. The medals and certificates of the winners will be routed to the employee-winner’s office.
IMPORTANT DATES TO REMEMBER
|19 June 2020, Friday||OMF announces the opening of the online application for MVP AAA 2020|
|3 July 2020, Friday||Deadline of submission of online applications|
|14 July 2020, Tuesday||Announcement of MVP AAA 2020 awardees/winners|
|17 July 2020, Friday||MVP AAA 2020 Virtual Awarding Ceremony|