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Showing posts with label social pension. Show all posts
Showing posts with label social pension. Show all posts

Friday, March 05, 2021

Pension ng mga Senior Citizens, Hinihiling na Ibigay Kada 3 Buwan



MANILA, Philippines — HINIHIMOK ngayon ng House of Representatives Committee on Senior Citizen ang Department of Social Welfare and Development (DSWD) na ibigay ang P500 na buwanang pension ng mga senior citizens kada tatlong buwan sa halip na ang kasalukuyang schedule na kada anim na buwan.

Una rito, isang House Resolution No. 1047 ang inihain ni Deputy Speaker Rufus Rodriguez na nagsusulong na mabago ang releasig ng social pension ng mga senior citizen mula sa DSWD.

Sa ilalim ng proposal ni Rodriguez, dapat na kada tatlong buwan ang tanggap ng mga senior citizens nga kanilang P500 na buwanang pension para sa kabuuang P1,500.

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Sa ngayon, nakakatanggap ng P3,000 na pension kada anim na buwan ang mga indigent na mga senior citizens.

“[COVID-19] has affected and disrupted the lives of all Filipinos, with the end to this pandemic still nowhere in sight as the number of cases still continue to increase,” 

“Due to lockdowns and quarantines in many parts of the country, many businesses struggled, resulting in loss of jobs for many Filipinos, including senior citizens who are still productive members of society,” ang naging pahayag ni Rodriguez.

Agad namang pinagtibay ng mga mambabatas ang nasabing resolution dahil absent din sa hearing ang mga representante ng DSWD.

“Failure on their part, Mr. Chairman, I would move for the approval of this resolution of Deputy Speaker Rufus Rodriguez with no participation from Social Welfare who don’t seem to be interested in the subject anyway,” ang naging deklarasyon ni Deputy Speaker Lito Atienza.

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Una nang inihayag ng Malacañang na hindi na kailangan ang personal appearance ng mga senior citizens para sa validation at pagkuha ng kanilang pension simula ngayong Marso.

Konsiderasyon umano ito para sa kanilang kaligtasan mula sa Coronavirus disease o Covid-19.


Ayon kay Presidential Spokesman Harry Roque, inatasan na ng Inter-Agency Task Force (IATF) on Covid-19 ang mga "pension-issuing agencies and their servicing banks and other financial institutions to adopt alternative modes of validation for senior citizen pensioners,"
Ito'y dahil ang mga matatanda ang isa sa mga high-risk groups sa Covid-19.

"The IATF considered the health and safety of senior citizen pensioners in approving this resolution and directed relevant government agencies to issue the corresponding memorandum circulars for its implementation by March 1, 2021," dagdag pa ni Roque.


©2020 THOUGHTSKOTO
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Tuesday, April 17, 2018

A Voluntary Retirement Account for OFWs, Here's How to Open PERA Investment

Overseas Filipino Workers (OFWs) are often told to prepare for their old age or retirement. One thing OFW can do for this is to invest their earnings in a Personal Equity Retirement Account (PERA).
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Overseas Filipino Workers (OFWs) are often told to prepare for their old age or retirement. One thing OFW can do for this is to invest their earnings in a Personal Equity Retirement Account (PERA). What is PERA? It is the first ever voluntary retirement account with tax incentives. OFWs can invest up to P200,000 annually while non-OFWs are allowed a maximum of P100,000 investment per year. Even if the OFW is abroad, the spouse and children can open a PERA account on behalf of the OFW. Upon reaching retirement at the age of 55, all payments or distributions will be tax-exempt. This can either be in a lump sum, a pension for a definite period, or a lifetime. Early withdrawals are allowed if one has made contributions for at least five years but will be subject to a penalty – except in cases when the individual is totally disabled due to an accident or hospitalization. According to Senator Juan Edgardo Angara, chairman of the Senate Ways and Means Committee, “PERA investments have higher returns because it is a tax-free investment income. PERA supplements the social pension Filipinos can get from SSS or GSIS. It especially targets OFWs, who may not be contributing to either of these funds.” Agara said, PERA will help and encourage Filipinos to save for their old years or emergency medical situation. He added they are encouraging OFWs to save and invest their earnings here in the country so they can secure a comfortable retirement and be with their families. The Bangko Sentral ng Pilipinas (BSP) accredited last year Banco de Oro (BDO) and Bank of the Philippine Islands (BPI) as PERA institutional administrators. PERA investments products include unit investment trust funds, the share of stock of mutual funds, insurance pension products, government securities, and other financial products.
What is PERA? 

It is the first ever voluntary retirement account with tax incentives. OFWs can invest up to P200,000 annually while non-OFWs are allowed a maximum of P100,000 investment per year. Even if the OFW is abroad, the spouse and children can open a PERA account on behalf of the OFW.

Upon reaching retirement at the age of 55, all payments or distributions will be tax-exempt. This can either be in a lump sum, a pension for a definite period, or a lifetime.


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Early withdrawals are allowed if one has made contributions for at least five years but will be subject to a penalty – except in cases when the individual is totally disabled due to an accident or hospitalization.



According to Senator Juan Edgardo Angara, chairman of the Senate Ways and Means Committee, “PERA investments have higher returns because it is a tax-free investment income. PERA supplements the social pension Filipinos can get from SSS or GSIS. It especially targets OFWs, who may not be contributing to either of these funds.”
Agara said, PERA will help and encourage Filipinos to save for their old years or emergency medical situation. He added they are encouraging OFWs to save and invest their earnings here in the country so they can secure a comfortable retirement and be with their families.



The Bangko Sentral ng Pilipinas (BSP) accredited last year Banco de Oro (BDO) and Bank of the Philippine Islands (BPI) as PERA institutional administrators.



PERA investments products include unit investment trust funds, the share of stock of mutual funds, insurance pension products, government securities, and other financial products.






Interested in opening an account? If you are OFW and interested in opening an account but currently in another country, you can request your child to go to an administrator of the bank to open the account for you.

You can only open these account in BPI and BDO as currently designated administrator of the BSP.

The following are requirements;

For OFWs
  • Overseas Employment Certificate issued by the Philippine Overseas Employment Administration (POEA)
  • Any official document showing your earnings in a foreign country.
For opening an account via Spouse
  • Marriage Certificate
  • Sworn certificate that the spouse is opening a PERA for and on behalf of the OFW who has not availed of the benefits under PERA Act.
  • Supporting document attesting OFW status.
For opening an account via child
  • Birth Certificate attesting the relationship to the OFW parent
  • Sworn certificate that the child is opening a PERA for and on behalf of the OFW who has not availed of the benefits under PERA Act.
  • Supporting document attesting OFW status.
More information regarding this program you may visit the nearest BPI and BDO account in your area.
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Saturday, April 14, 2018

Congress Pushes for OFW's Retirement Benefits, Will It Pass Into Law?

If a consolidated version out of this three laws or even one of this would come into law, this is a great help for our modern day heroes, our Overseas Filipino Workers (OFWs). These 2018 three bills are being filed in the House of Representatives seeking to provide retirement benefits and welfare assistance to OFWs.
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If a consolidated version out of this three laws or even one of this would come into law, this is a great help for our modern day heroes, our Overseas Filipino Workers (OFWs). These 2018 three bills are being filed in the House of Representatives seeking to provide retirement benefits and welfare assistance to OFWs. House Bill 3746 Authored by Sagip Partylist Rep. Rodante Marcoleta HB 3746 calls for the creation of an Overseas Filipino Workers Retirement Fund System and an OFW Retirement Fund, which shall be used to provide retirement benefits and similar gratuities to OFWs and their beneficiaries. The measure requires all OFWs duly registered with the Philippine Overseas Employment Administration (POEA), to remit five percent of their gross monthly income for at least 10 years. 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. 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. House Bill 4570 - Authored By Gary Alejano (Party-list, Magdalo) HB 5470 proposes the creation of the Overseas Filipino Workers Pension Fund. It requires all OFWs duly registered with the POEA and the Commission on Filipino Overseas (CPO) to remit five percent of their gross monthly income to the Overseas Filipino Workers Pension Fund for five years. Accordingly, the 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. House Bill 7228 By Rep. Winston Castelo, 2nd District, Quezon City HB 7228 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. Castelo explained that in the event the OFWs themselves lose the ability to earn a living, their family and those who depend on them for subsistence become miserable. Castelo added that there has to be a state intervention whereby they are protected economically if this scenario occurs. With these three bills, the House of the Representative panel has formed a technical working group to consolidate the bills. If passed this bill will help many OFWs who retired from working abroad so that they can start another chapter of their lives in the Philippines.
House Bill 3746 Authored by Sagip Partylist Rep. Rodante Marcoleta

HB 3746 calls for the creation of an Overseas Filipino Workers Retirement Fund System and an OFW Retirement Fund, which shall be used to provide retirement benefits and similar gratuities to OFWs and their beneficiaries.

The measure requires all OFWs duly registered with the Philippine Overseas Employment Administration (POEA), to remit five percent of their gross monthly income for at least 10 years.
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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.

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.
If a consolidated version out of this three laws or even one of this would come into law, this is a great help for our modern day heroes, our Overseas Filipino Workers (OFWs). These 2018 three bills are being filed in the House of Representatives seeking to provide retirement benefits and welfare assistance to OFWs. House Bill 3746 Authored by Sagip Partylist Rep. Rodante Marcoleta HB 3746 calls for the creation of an Overseas Filipino Workers Retirement Fund System and an OFW Retirement Fund, which shall be used to provide retirement benefits and similar gratuities to OFWs and their beneficiaries. The measure requires all OFWs duly registered with the Philippine Overseas Employment Administration (POEA), to remit five percent of their gross monthly income for at least 10 years. 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. 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. House Bill 4570 - Authored By Gary Alejano (Party-list, Magdalo) HB 5470 proposes the creation of the Overseas Filipino Workers Pension Fund. It requires all OFWs duly registered with the POEA and the Commission on Filipino Overseas (CPO) to remit five percent of their gross monthly income to the Overseas Filipino Workers Pension Fund for five years. Accordingly, the 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. House Bill 7228 By Rep. Winston Castelo, 2nd District, Quezon City HB 7228 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. Castelo explained that in the event the OFWs themselves lose the ability to earn a living, their family and those who depend on them for subsistence become miserable. Castelo added that there has to be a state intervention whereby they are protected economically if this scenario occurs. With these three bills, the House of the Representative panel has formed a technical working group to consolidate the bills. If passed this bill will help many OFWs who retired from working abroad so that they can start another chapter of their lives in the Philippines.
House Bill 4570 - Authored By Gary Alejano (Party-list, Magdalo)

HB 5470 proposes the creation of the Overseas Filipino Workers Pension Fund. It requires all OFWs duly registered with the POEA and the Commission on Filipino Overseas (CPO) to remit five percent of their gross monthly income to the Overseas Filipino Workers Pension Fund for five years.

Accordingly, the 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.If a consolidated version out of this three laws or even one of this would come into law, this is a great help for our modern day heroes, our Overseas Filipino Workers (OFWs). These 2018 three bills are being filed in the House of Representatives seeking to provide retirement benefits and welfare assistance to OFWs. House Bill 3746 Authored by Sagip Partylist Rep. Rodante Marcoleta HB 3746 calls for the creation of an Overseas Filipino Workers Retirement Fund System and an OFW Retirement Fund, which shall be used to provide retirement benefits and similar gratuities to OFWs and their beneficiaries. The measure requires all OFWs duly registered with the Philippine Overseas Employment Administration (POEA), to remit five percent of their gross monthly income for at least 10 years. 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. 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. House Bill 4570 - Authored By Gary Alejano (Party-list, Magdalo) HB 5470 proposes the creation of the Overseas Filipino Workers Pension Fund. It requires all OFWs duly registered with the POEA and the Commission on Filipino Overseas (CPO) to remit five percent of their gross monthly income to the Overseas Filipino Workers Pension Fund for five years. Accordingly, the 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. House Bill 7228 By Rep. Winston Castelo, 2nd District, Quezon City HB 7228 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. Castelo explained that in the event the OFWs themselves lose the ability to earn a living, their family and those who depend on them for subsistence become miserable. Castelo added that there has to be a state intervention whereby they are protected economically if this scenario occurs. With these three bills, the House of the Representative panel has formed a technical working group to consolidate the bills. If passed this bill will help many OFWs who retired from working abroad so that they can start another chapter of their lives in the Philippines.
House Bill 7228 By Rep. Winston Castelo, 2nd District, Quezon City

HB 7228 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.

Castelo explained that in the event the OFWs themselves lose the ability to earn a living, their family and those who depend on them for subsistence become miserable.

Castelo added that there has to be a state intervention whereby they are protected economically if this scenario occurs.If a consolidated version out of this three laws or even one of this would come into law, this is a great help for our modern day heroes, our Overseas Filipino Workers (OFWs). These 2018 three bills are being filed in the House of Representatives seeking to provide retirement benefits and welfare assistance to OFWs. House Bill 3746 Authored by Sagip Partylist Rep. Rodante Marcoleta HB 3746 calls for the creation of an Overseas Filipino Workers Retirement Fund System and an OFW Retirement Fund, which shall be used to provide retirement benefits and similar gratuities to OFWs and their beneficiaries. The measure requires all OFWs duly registered with the Philippine Overseas Employment Administration (POEA), to remit five percent of their gross monthly income for at least 10 years. 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. 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. House Bill 4570 - Authored By Gary Alejano (Party-list, Magdalo) HB 5470 proposes the creation of the Overseas Filipino Workers Pension Fund. It requires all OFWs duly registered with the POEA and the Commission on Filipino Overseas (CPO) to remit five percent of their gross monthly income to the Overseas Filipino Workers Pension Fund for five years. Accordingly, the 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. House Bill 7228 By Rep. Winston Castelo, 2nd District, Quezon City HB 7228 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. Castelo explained that in the event the OFWs themselves lose the ability to earn a living, their family and those who depend on them for subsistence become miserable. Castelo added that there has to be a state intervention whereby they are protected economically if this scenario occurs. With these three bills, the House of the Representative panel has formed a technical working group to consolidate the bills. If passed this bill will help many OFWs who retired from working abroad so that they can start another chapter of their lives in the Philippines.
With these three bills, the House of the Representative panel has formed a technical working group to consolidate the bills. If passed this bill will help many OFWs who retired from working abroad so that they can start another chapter of their lives in the Philippines.

 SEE MORE:

Read: Is This The End Of Filipino Caregivers' Dream To Live Permanently In Canada?
The Canadian government will no longer accept an application for permanent residency from caregivers starting November 2019. Because of this, applicants to the program including many Filipino caregivers are unhappy with the news. The Philippines is among the top source of Canada's caregiver.
 Read: 4 Effective Financial Tips for OFWs
To provide the needs and to secure the family's future. This is the most common reason why many Filipinos decide to work abroad. But as an Overseas Filipino Workers (OFW) working overseas is not just about securing our family's needs, it is also about protecting ourselves and preparing for our own future or retirement.
 Read: Working Abroad? You Can Be A Happy and Healthy OFW With These 7 Tips
Working abroad, away from a family is one of the hardest things an Overseas Filipino Workers (OFW) will have to endure. Homesickness is number one enemy of an OFW and since they are living on their own while in a foreign land, sometimes their happiness is put on risk, not just this but also their health.
©2018 THOUGHTSKOTO
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Friday, March 02, 2018

Social Pension Increased From P500 To P1000 Monthly Approved By Congress

The social pension for the senior citizens in the Philippines even though a not so big amount could mean a lot for its recipients. Currently, the government is giving P500 every month for qualified senior citizens under RA 9994 or the Expanded Senior Citizens Act of 2010. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law.
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The social pension for the senior citizen in the Philippines even though a not so big amount could mean a lot for it recipients. Currently, the government is giving P500 every month for qualified senior citizen. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law. Advertisement Sponsored Links {EMBED VIDEO 1 HERE NOW!} Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress. A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law. Under the proposed bill, the existing P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens. House Bill 7227 seeks to increase the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?
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Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. 
The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress.

A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law.
Under the proposed bill, the existing  P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens.
The social pension for the senior citizen in the Philippines even though a not so big amount could mean a lot for it recipients. Currently, the government is giving P500 every month for qualified senior citizen. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law. Advertisement Sponsored Links {EMBED VIDEO 1 HERE NOW!} Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress. A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law. Under the proposed bill, the existing P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens. House Bill 7227 seeks to increase the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?
House Bill 7227 seeks to increase  the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill.
The social pension for the senior citizen in the Philippines even though a not so big amount could mean a lot for it recipients. Currently, the government is giving P500 every month for qualified senior citizen. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law. Advertisement Sponsored Links {EMBED VIDEO 1 HERE NOW!} Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress. A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law. Under the proposed bill, the existing P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens. House Bill 7227 seeks to increase the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?
The social pension for the senior citizen in the Philippines even though a not so big amount could mean a lot for it recipients. Currently, the government is giving P500 every month for qualified senior citizen. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law. Advertisement Sponsored Links {EMBED VIDEO 1 HERE NOW!} Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress. A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law. Under the proposed bill, the existing P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens. House Bill 7227 seeks to increase the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?
The social pension for the senior citizen in the Philippines even though a not so big amount could mean a lot for it recipients. Currently, the government is giving P500 every month for qualified senior citizen. The Congress approved the proposal to increase it to P1,000.00 and needed to get the approval of the plenary to be fully enacted as a law. Advertisement Sponsored Links {EMBED VIDEO 1 HERE NOW!} Pursuant to the eligibility criteria as may be determined by the DSWD, indigent senior citizens are entitled to a monthly pension amounting to Php 500.00 to augment the daily subsistence and other medical needs of senior citizens. The grant of social pension is subjected to a review every two (2) years by Congress, in consultation with the DSWD within three months after convening the Congress. A new proposed bill was already approved in the lower house and must have to be approved by the plenary to be enacted as law. Under the proposed bill, the existing P500.00 will be increased to P1,000.00 to further serve the qualified indigent senior citizens. House Bill 7227 seeks to increase the monthly stipend for indigent senior citizen double the existing amount proposed by Representative Emi Calixto-Rubiano was already approved by the House of Representatives. Rubiano said that the P500 social pension is not even enough to cover their medical expenses, as quoted in the proposed bill. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

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Sunday, March 05, 2017

SSS pensioner will received P3,000 this March


Don't you know that as a pensioner of Social Security System or SSS, you will receive a total of P3,000 in your pension this month of March? Yes, it is. This is a retroactive payment for the month of January, February, and March. SSS already announced that the P1,000 pension hike for the month of January is already deposited in pensioners bank account since March 3.



Don't you know that as a pensioner of Social Security System or SSS, you will receive a total of P3,000 in your pension this month of March?

Yes, it is. This is a retroactive payment for the month of January, February, and March.

SSS already announced that the P1,000 pension hike for the month of January is already deposited in pensioners bank account since March 3. 

 (Watch:BP: Dagdag na P1,000 pension ng mga SSS pensioner, matatanggap na simula ngayong araw)



 (Watch:P1,000 dagdag benepisyo para sa SSS pensioners, matatanggap na)


Payments for the month of February and March will be remitted on March 10 and 17, respectively.

"Ngayon pong buwan, tatlong libo ang kabuuang additional benefit na matatanggap nila to cover the months of January to March," said SSS President and CEO Emmanuel Dooc.

With the implementation of P1,000 increase, the minimum SSS pension amount of P1,200 will now be receiving P2,200 while those with at least 20 years in contributions will receive P4,200 monthly, from P3,200.



The highest pension is as much as P17,945 a month.
The second tranche of the P2,000 increase is expected to be remitted by 2019.

SEE MORE:

HOW MUCH WILL YOUR SSS PENSION BASED ON YOUR CONTRIBUTIONS?

How to apply for an SSS Retirement Benefit and to avail additional P1,000 in monthly pension?

How To Apply For SSS Educational Assistance Loan

How To Apply For SSS Direct Housing Loan Facility For OFWs

SSS CONTRIBUTION PROPOSE TO BE MANDATORY FOR OFWs

SSS Offers as Much As Php2 Million Direct Housing Loan for OFWs

SSS Offers Loan Restructuring/ Condonation For Delinquent Borrowers






©2017 THOUGHTSKOTO
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Tuesday, February 28, 2017

Additional 2.8 Million Indigent Senior Citizens to Received Monthly Stipend from DSWD


Indigent senior citizen will be having a good news this year. It is because the Department of Social Welfare and Development (DSWD) is planning to provide a monthly stipend to 2.8 million indigent senior citizens this 2017.



Indigent senior citizen will be having a good news this year.

It is because the Department of Social Welfare and Development (DSWD) is planning to provide a monthly stipend to 2.8 million indigent senior citizens this 2017.


Target beneficiaries are those who are age 60 years old and above who are frail, sickly or with a disability; with no regular income or support from family and relatives, and without a pension from private or government institutions.
The 2.8 million figure is more than double from the 1.3 million target beneficiaries last year in Social Pension for Indigent Senior Citizens (SPISC) Program.



The program has already an approved budget fund worth P17.94 billion this 2017, much bigger compared to P8.71 billion in 2016.

The objective of SPISC program is to grant poor senior citizens P500 to augment their daily subsistence, including their medical needs and aims to improve the living condition of eligible indigent senior citizens and to protect them from neglect and deprivation. 


DSWD is the implementing agency of the program through its 17 field offices, in partnership with local government units and with Office of the Senior Citizens Affairs.

As of January 31 this year, a total of 1,331,747 senior citizens, of the target 1,375,970 beneficiaries for 2016, were able to receive their social pension.

The conduct of payout is still ongoing for the remaining 44,223 beneficiaries.

SEE MORE:

HOW TO AVAIL MEDICAL, EDUCATIONAL, BURIAL AND TRANSPORTATION ASSISTANCE FROM DSWD?

STEP BY STEP PROCESS ON HOW TO AVAIL OF SENIOR CITIZEN'S PENSION AND OTHER BENEFITS

HOW TO AVAIL OF FREE TUITION AND FREE EDUCATION FINANCIAL ASSISTANCE FROM DSWD

DSWD GUIDANCE AND REQUIREMENTS: TRAVEL CLEARANCE FOR MINORS

WHO CAN AVAIL FREE MEDICINES FROM THE GOVT AND WHAT ARE THE REQUIREMENTS?



©2017 THOUGHTSKOTO
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