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The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income . Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors ...
The Appropriation Act of 1991 also caused the inaugural operation of the BFP on August 2, 1991 as a distinct agency of the government, with the initial preparation of its operation plans and budget (OPB) undertaken by the staff of the Office of the National Chief Fire Marshal at Camp Crame, Quezon City headed by F/Brigadier General Ernesto ...
Pension plans operate on the principle of accruing benefits over an employee’s career. During their employment, the employer contributes to the plan on behalf of the employee. The money is then ...
Pre-retirement is the first stage of retirement planning, and it starts during the early phases of your career. “The mantra here is to make saving a sound, financial habit. ‘Save early; save ...
Top retirement plans Employer-sponsored plans. One of the easiest ways to get started with saving for retirement is through an employer-sponsored plan such as a 401(k) or 403(b). These plans make ...
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
5 popular types of annuities. Annuity types are categorized based on the way money within the account grows or when annuity payments begin. Fixed and variable describe how money grows within the ...