Bilateral Labor Agreement Sss

The Law instructs the Ministry of Foreign Affairs (EDA) and the Ministry of Labour and Employment (DOLE), including its affiliated agencies, to negotiate bilateral labour agreements with the host countries of the OFWs to ensure that employers of terrestrial FOA, just as the contractors of the maritime OFW pay the necessary SSS dues, in which case these terrestrial OFWs are not considered in the same way as the independents in this law. As part of the agreement, affected members and their beneficiaries can submit their applications to designated liaison agencies in the Philippines and South Korea, which will, as a result, expand assistance to facilitate the processing of applications. «After nearly 15 years, we are very pleased to have finally reached an agreement with South Korea that guarantees the protection of social security rights for the well-being and well-being of the citizens of both countries,» said Aurora C. Ignacio, President and CEO of the SSS. The SSS will work with the Ministry of Labour and Employment (DoLE) and the Ministry of Foreign Affairs (AED) to negotiate with different countries to secure bilateral employment contracts that would allow foreign employers to pay their share of the OFW`s SS contribution. Villacorta added that bilateral agreements between the SSS and other counties do not cover the new provisions of the amended Charter. Over the past 50 years, labour immigration has been part of Filipino culture, where many of our citizens leave the country in search of greener pastures. Indeed, Filipinos are well known for their abilities and commitment to their work; This is why many foreign employers want to employ them all over the world. Wherever you go, especially in highly developed countries, you would see how they work in the professional field or are employed in different white trades and workers.

The renegotiated agreement also provides for the possibility for OFW to repay their NPS contributions at the end of their overseas employment contract, under the same conditions for Korean nationals. «It is our constitutional duty to provide total protection at work, whether local or abroad, and it is essential to provide social protection to all Filipinos, including the OFW. The Universal Declaration of Human Rights also provides that everyone has the right to social security,» said the senator. In the meantime, Dooc stated that the main objective was to provide the OFW with the savings mechanism to ensure their retirement through the right to life-long SSS pension benefits, which are worth at least P5.00 per peso of what they have brought. He explained that an OFW that pays the maximum monthly SSS contribution of P1.760 (or about $35) for at least 10 years is entitled to a wide range of benefits and privileges for SS SS, for example. B: basic monthly pension of at least P6,400 in case of retirement, disability or death, with an additional monthly allowance of P1,000; other benefits for pensioners, such as the 13th monthly support, child support and the P500 monthly allowance for the disabled; short-term benefits in the form of sickness monetary benefits (up to P57,600 per year; and maternity for female members (up to P32,000 for normal delivery/miscarriage and P41,600 for caesarean section; a funeral grant of at least P20,000; Wage credit up to P32,000 and direct housing loan up to 2 million P2.