Kwentong OFW

Menu
  • HOME
  • OFW NEWS
  • OFW STORIES
  • PINAS NEWS
  • WORLD NEWS
  • OFW TIPS

Submit Overseas Filipino Workers Stories

Message Us Here!

Pangulong Duterte Lalagdaan ang Batas na Naglalayon ng SSS Coverage Para sa Mga OFWs

OFW STAFF/ADMIN January 15, 2019
Spread the love
  • 15.7K
  •  
  •  
  •  
  •  

SSS Senate Bill 1753 is on its way for President Rodrigo Duterte’s signature and onced signed into law will benefit overseas Filipino workers (OFWs).

Author and sponsor Richard Gordon said in an interview that SSS mandatory social security coverage aimed to cover more of our workers abroad, land and sea-based who are below 60 years old.  Thus, expanding the number of OFWs who will be benefited by SSS up to 2.5 million from the current half a million (500,000).

With more OFWs paying their premiums, Emmanuel Dooc, SSS President and Chief Executive Officer claimed it would generate P16 billion in a year.

With such collection, Gorddon added that the agency would be able to extend its fund life and would be able to provide insurance for unemployed SSS members who are displaced involuntarily.

One of the provisions of the said bill is to increase by 1% every other year the contribution of SSS members starting 2019 until it reaches 15% by the year 2025.

The SSS Commission will also have the power to establish the monthly contributions of its members and salary credit which would allow them to increase contributions.

Likewise, it would adjust the minimum and maximum salary credit of its members which is very vital since the current salary credit and contribution of employees is only limited to P16,000 which only gives limited benefits.

With the said increase, the agency also sees the opportunity to earn more by investing its Reserve Funds.

Gordon claimed, “The SSS must be given a chance to do what they can for the people because the government could not base its policies on fear but on trusting the people, especially those with tremendous responsibility.”

SSS Senate Bill 1753 revokes the Social Security Law which was passed 21 years ago.


Spread the love
  • 15.7K
  •  
  •  
  •  
  •  
  •  
    15.7K
    Shares
  • 15.7K
  •  
  •  
  •  
  •  
  •  
Share
Tweet
Email
Prev Article
Next Article
Tags:Duterte OFW News SSS SSS for OFW

Related Articles

Filipina Nurse in Saudi Switches Babies, Gets Suspended From Work
Spread the love1.8K    It seems like this situation only happens in …

Filipina Nurse in Saudi Switches Babies, Gets Suspended From Work

Organizer of Racy Beauty Contest in Hong Kong Issues Public Apology
Spread the love738    Recently, images of Filipina women wearing outfits showing …

Organizer of Racy Beauty Contest in Hong Kong Issues Public Apology

Taxi Driver Who Gave A Taxi Ride To An ‘Escaping’ Filipina Domestic Helper in Kuwait, Imprisoned
Spread the love28.6K    Most of the time, when you help someone, …

Taxi Driver Who Gave A Taxi Ride To An ‘Escaping’ Filipina Domestic Helper in Kuwait, Imprisoned

OFW From Saudi Asks For Fare From Raffy Tulfo, Accompanies Her To Davao Instead
Spread the love3.4K    Raffy Tulfo in Action once again helped an …

OFW From Saudi Asks For Fare From Raffy Tulfo, Accompanies Her To Davao Instead

Leave a Reply Cancel Reply




Loading...

Popular Posts

    FOLLOW US ON FACEBOOK

    Kwentong OFW

    Copyright © 2022 Kwentong OFW
    Theme by MyThemeShop.com