Bill Type
Long Title
AN ACT INCREASING THE MONTHLY INCOME BENEFITS FOR WORK-RELATED PERMANENT DISABILITY AND DEATH OF WORKERS AND EMPLOYEES
Congress Author
Date filed
May 14, 2003
Scope
Urgent Bill
No

Legislative History

House Bill/Resolution NO. House Bill No. 6018, 12th Congress of the Republic
FULL TITLE : AN ACT INCREASING THE MONTHLY INCOME BENEFITS FOR WORK-RELATED PERMANENT DISABILITY AND DEATH OF WORKERS AND EMPLOYEES
ABSTRACT : To protect the spendable income of workers and pensioners from the ill-effects of world-wide inflation, actuarial studies must be undertaken with a view to upgrading the income benefits for work-related permanent disability and death of workers andemployees. This measure proposes an additional 25% across-the-boar d increase in the monthly income benefits for work-related permanent disabilities and death of employees, without requiring additional premium contributions from the employers and employees.
PRINCIPAL AUTHOR/S : CASTELO-DAZA, NANETTE
DATE FILED : 2003-05-14
SIGNIFICANCE: NATIONAL
CO-AUTHORS (Journal Entries) :
1. Nieva (075 ) 2. Uy (075 )
3. Umali (075 ) 4. Ylagan (075 )
5. Codilla (076 ) 6. Amin (076 )
7. Echiverri (004 ) 8. Del Mar (007 )
9. Espina (018 )
ADMINISTRATION BILL? No
URGENT BILL? No
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2003-05-21

Abstract

To protect the spendable income of workers and pensioners from the ill-effects of world-wide inflation, actuarial studies must be undertaken with a view to upgrading the income benefits for work-related permanent disability and death of workers andemployees. This measure proposes an additional 25% across-the-boar d increase in the monthly income benefits for work-related permanent disabilities and death of employees, without requiring additional premium contributions from the employers and employees.

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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.