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The principal benefit package of the GSIS consists of compulsory and optional life insurance, retirement, separation and employee's compensation. Organization [ edit ] The governing and policy-making body of the GSIS is the Board of Trustees, the members of which are appointed by the President of the Philippines.
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, 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 shelter financing for Filipinos.
The provisions on unemployment benefits were dropped when the legislation was amended in 1957 to prioritize retirement, sickness, disability and death benefits. Under the 2018 legislation, the benefits are dispensed through a one-time payment to equal to 50 percent of the claimant's monthly salary for a maximum of two months.
maharlika .dof .gov .ph. The Maharlika Wealth Fund ( MWF ), also known as the Maharlika Investment Fund ( MIF ), is a sovereign wealth fund for the Philippines which is managed by the Maharlika Investment Corporation ( MIC ). [1] The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including ...
Website. www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of 300,000 square kilometers, [17] which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and Mindanao .
Mandatory retirement also known as forced retirement, enforced retirement or compulsory retirement, is the set age at which people who hold certain jobs or offices are required by industry custom or by law to leave their employment, or retire . As of 2017, as reported by the Organisation for Economic Co-operation and Development (OECD), only ...
The Philippine Health Insurance Corporation ( PhilHealth) was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. On August 4, 1969, Republic Act 6111 or the Philippine Medical Care Act ...