{"id":159880,"date":"2018-04-13T22:54:09","date_gmt":"2018-04-14T02:54:09","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=159880"},"modified":"2018-04-13T22:54:09","modified_gmt":"2018-04-14T02:54:09","slug":"house-pushes-for-retirement-benefits-for-ofws","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/04\/13\/house-pushes-for-retirement-benefits-for-ofws\/","title":{"rendered":"House pushes for retirement benefits for OFWs"},"content":{"rendered":"
\"They<\/a>
FILE: He said that the proposed retirement system would provide the OFWs with funds they can use for business opportunities (PNA Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— A House of Representatives panel has formed a technical working group (TWG) to consolidate three bills seeking to provide retirement benefits and welfare assistance to overseas Filipino workers (OFWs).<\/p>\n

The House committee on overseas workers affairs, chaired by Angkla Partylist Rep. Jesulito Manalo, tasked the TWG to draft a substitute bill for House Bill Nos. 3746, 5470, and 7228.<\/p>\n

HB 3746, authored by Sagip Partylist Rep. Rodante Marcoleta, seeks to establish an Overseas Filipino Workers Social Security and Retirement System.<\/p>\n

Marcoleta said that there is no law that would allow the OFWs to neither receive retirement pay at an earlier age nor provide voluntary separation benefits.<\/p>\n

He said that the proposed retirement system would provide the OFWs with funds they can use for business opportunities or other productive endeavors when they decide to finally retire from work.<\/p>\n

“As our modern day heroes, OFWs deserve to be given appropriate benefits and be accorded greater security after their employment days are over,” Marcoleta said in his explanatory note.<\/p>\n

Under the bill, all OFWs duly registered with the Philippine Overseas Employment Administration (POEA) are required to remit 5 percent of their gross monthly income for at least 10 years.<\/p>\n

HB 5470, authored by Magdalo Partylist Rep. Gary Alejano, seeks to create the Overseas Filipino Workers Pension Fund.<\/p>\n

Alejano said the proposed fund would provide OFWs and their families a guaranteed capital to start anew in the event that they meet an unforeseen misfortune in the course of their work.<\/p>\n

The bill states that the fund shall be administered by a pension fund board with the Labor Secretary as chairman.<\/p>\n

HB 7228, authored by Quezon City Rep. Winston Castelo, seeks to provide for the protection of OFW dependents by setting up for them a special pension fund in the event of income loss due to death or disability.<\/p>\n

Castelo stressed the need for the government to set up a special pension fund for the protection of the dependents of OFWs who lose their income via death or disability.<\/p>\n

\u201cThere has to be state intervention whereby they are protected economically if this scenario occurs,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— A House of Representatives panel has formed a technical working group (TWG) to consolidate three bills seeking to provide …<\/p>\n","protected":false},"author":33,"featured_media":152474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[11118,12570,35572,11520],"class_list":["post-159880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-house-of-representatives","tag-overseas-filipino-workers","tag-rodante-marcoleta","tag-technical-working-group","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/159880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=159880"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/159880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/152474"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=159880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=159880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=159880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}