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It insures its members against the occurrence of certain contingencies in exchange for their monthly premium contributions. GSIS members are entitled to an array of social security benefits, such as life insurance benefits, separation or retirement benefits, and disability benefits.
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 ...
The new rules which took effect on January 1, 1980. [11] [12] New rules allowed farmers and fisherfolks to be included in the coverage in 1992 and the year after, household helpers earning at least ₱1,000 monthly. The SSS, in 1995, covered laborers in informal sector earning the same wage monthly. [8]
Republic Act No. 11201 signed by President Rodrigo Duterte on February 14, 2019. The law creating the Department of Human Settlements and Urban Development (DHSUD), Republic Act No. 11201, was signed into law by President Rodrigo Duterte on February 14, 2019, with the signing announced to the public by the government on February 19, 2019.
(3) "Sponsored Members" are subsidized by their respective Local Governments (LGU). (4) "Lifetime" (non-paying) members are retirees and pensioners which have already paid premiums for 120 months of membership. (5) "Senior Citizen" (under RA 10645) allows all Filipino citizens 60 years old and above to be eligible to have free PhilHealth coverage.
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]
Pantawid Pamilyang Pilipino Program (English: Bridging Program for the Filipino Family), also known as 4Ps and formerly Bangon Pamilyang Pilipino, is a conditional cash transfer program of the Philippine government under the Department of Social Welfare and Development. [1]
Compensation and benefits refer to remuneration to employees from employers. Which is the payments or rewards provided to an individual for the work that has been completed. Compensation is the direct monetary payment received for work performed, commonly known as wages. This is the compensation that employees earn for their work or ...