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The SSS PESO (Personal Equity Savings Option) Fund is a voluntary savings program that members can utilize to augment their retirement benefits from the regular membership. [20] Launched in September 2014, it is a provident fund that gives tax-free returns and it can be made available effective upon the retirement of the members or when certain ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
GSIS members are entitled to an array of social security benefits, such as life insurance benefits, separation or retirement benefits, and disability benefits. GSIS is also the administrator of the General Insurance Fund by virtue of RA 656 (Property Insurance Law).
For those who have previously filed for Social Security benefits and they are partially or completely offset, the SAA says, "You do not need to take any action except to verify that we have your ...
5. Watch your debt. You might not have as much debt in retirement, but it doesn’t disappear for everyone. Think about ongoing debts you manage, whether it’s credit cards, outstanding bills or ...
Delay benefits for more of a payout. If you delay your benefits until age 70 or beyond, you are eligible to receive 8% more on your payout. Coordinate benefits with your spouse.
Endo (derived from "end-of-contract") [1] refers to a short-term de facto employment practice in the Philippines.It is a form of contractualization which involves companies giving workers temporary "employment" that lasts for less than six months (or strictly speaking, 180 calendar days) and then terminating their employment just short of being regularized in order to skirt on the costs which ...
The Labor Code sets the rules for hiring and firing of private employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth-month pay and retirement pay; and the guidelines in the organization and membership in labor unions as well as in collective bargaining. The prevailing ...