The much awaited rebate will soon be availed by overseas Filipino workers who had been working abroad for over 10 years or more.
Ads
Overseas Workers Welfare Administration (OWWA) Administrator Hans Leo Cacdac explains about the rebate that the OFWs can claim after working overseas for a minimum of ten years. In a radio program which can also be watched over the internet via FB live, he said that the much awaited rebate can now be availed by qualified OFWs.
What is OWWA Rebate Program?
Pursuant to Republic Act 10801 or the OWWA Act, a rebate is provided for the members who never availed any benefits from the agency and who are working overseas for a minimum of ten years.
The basis of the amount for the rebate was subjected to an intensive actuarial study by experts to determine the capability of the OWWA funds to enact the rebate without affecting other programs .
Based on the actuarial study, the amount of P1Billion is appropriated to fund the rebate where over 556,000 beneficiaries are expected to claim based on the December 2017 cut-off.
For the next batch of rebate beneficiaries, OWWA had appropriated P2 Billion.
Who are eligible to claim the rebate?
- OFWs who had been a member of OWWA for ten years or more.
-Those who already paid five OWWA membership contribution.
-OFW who never availed any OWWA programs and benefits.
How much rebates can a qualified member avail?
Qualified members can get P941.25 up to P13,177.50 depending on the amount of the contribution and based on the table of computation above.
Administrator Hans Leo Cacdac clarified that the rebate is not a refund nor a cashback.
What is OWWA Rebate Program?
Pursuant to Republic Act 10801 or the OWWA Act, a rebate is provided for the members who never availed any benefits from the agency and who are working overseas for a minimum of ten years.
The basis of the amount for the rebate was subjected to an intensive actuarial study by experts to determine the capability of the OWWA funds to enact the rebate without affecting other programs .
Based on the actuarial study, the amount of P1Billion is appropriated to fund the rebate where over 556,000 beneficiaries are expected to claim based on the December 2017 cut-off.
For the next batch of rebate beneficiaries, OWWA had appropriated P2 Billion.
Who are eligible to claim the rebate?
- OFWs who had been a member of OWWA for ten years or more.
-Those who already paid five OWWA membership contribution.
-OFW who never availed any OWWA programs and benefits.
How much rebates can a qualified member avail?
Qualified members can get P941.25 up to P13,177.50 depending on the amount of the contribution and based on the table of computation above.
Administrator Hans Leo Cacdac clarified that the rebate is not a refund nor a cashback.
{INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE FOR HOUSE OR PHOTO BLOG}
Ads
In section 54 of the OWWA Act , it is stated as a recognition of the contribution of the long time members.
Qualified claimants may visit any OWWA regional office and bring one valid government issued ID. for OFWs abroad, they may send an authorized representative or they may log-in to the soon to be active OWWA Rebate portal.
For deceased members, the family may claim the benefit on their behalf. They only need to bring the deceased members death certificate.
Administrator Cacdac said that though the amount of the rebate is small, it is still a blessing for the member who had been working for their family considering the hardships of working abroad.
Qualified claimants may visit any OWWA regional office and bring one valid government issued ID. for OFWs abroad, they may send an authorized representative or they may log-in to the soon to be active OWWA Rebate portal.
For deceased members, the family may claim the benefit on their behalf. They only need to bring the deceased members death certificate.
Administrator Cacdac said that though the amount of the rebate is small, it is still a blessing for the member who had been working for their family considering the hardships of working abroad.
©2019 THOUGHTSKOTO