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SSS transferred the administration of its Medicare program, which gave benefits for the healthcare purposes of members, to the Philippine Health Insurance Corporation (PhilHealth) when Republic Act No. 7875 or the National Health Insurance Act of 1995 was enacted. [14]
In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]
In the investment advisory industry, a management fee is a periodic payment that is paid by an investment fund to the fund's investment adviser for investment and portfolio management services. Often, the fee covers not only investment advisory services, but administrative services as well. [ 1 ]
The Social Security Administration makes the official COLA announcement Thursday, and analysts predicted in advance it would be 2.5% for 2025. Social Security's scheduled cost of living increase ...
As of 2012, the EPF functions by requiring a contribution of at least 11% of each member's monthly salary and storing it in a savings account, while the member's employer is obligated to additionally fund at least 12% of employee's salary to the savings at the same time (13% if salary is below RM5,000).
Golden State Warriors head coach Steve Kerr was furious about a foul call made in the final 3.5 seconds of Wednesday's 91-90 defeat to the Houston Rockets that turned out to be the difference in ...
The National Provident Fund (NPF) of Papua New Guinea was established in 1980. However, following severe financial losses in the 1990s as a result of fraud, corruption and mismanagement, the NPF was privatised in 2002 and its assets divested to NASFUND.
A Texas teen is accused of killing a classmate’s show goat by force-feeding it pesticide. Aubrey Vanlandingham, 17, is charged with cruelty to livestock animals, a felony, according to court ...