(Eagle News)–A measure requiring Social Security System coverage for Overseas Filipino Workers has been transmitted to Malacañang for President Rodrigo Duterte’s approval.
Sen. Richard Gordon, chair of the Senate Committee on Government Corporations and Public Enterprises and author and sponsor of Senate Bill 1753, said once signed into law, both land-based and sea-based OFWs would also be covered by SSS, “provided that they are not over 60 years of age.”
The measure, if approved, will also provide unemployment insurance for SSS members who will be displaced involuntarily.
Under the proposed measure, the contribution of SSS members is increased by “one percentage point every other year starting 2019 until the current rate of 11 percent rises to 15 percent by 2025.”
It would also “adjust the minimum and maximum salary credit of members.”
“The SSS must be given a chance to do what they can for the people because the government could not base its policies on fear but on trusting the people, especially those with tremendous responsibility,” Gordon said.