Cash-back For OWWA for at least 10 years Members will bw Available Soon

OFW member of Overseas Workers Welfare Administration (OWWA) for at least 10 years that have not yet availed any kind of benefits from OWWA might be eligible for a rebate or cash-back. This rebate is expected to get available in the first quarter of 2018.

 

“In recognition of the contribution of long-time members to the OWWA Fund, the OWWA shall develop and implement a program for the grant of rebates or some form of financial assistance to OFWs who have been members of the OWWA for at least ten (10) years and who, along with their families, have not availed of any service or benefit from the OWWA. The provision and the amount of rebates shall be based on actuarial study commissioned by the OWWA for this purpose.”

Paunawa lang po patungkol sa "Rebate" para sa mga OWWA members. Ayon po sa Republic Act No. 10801 o "OWWA Act",…

Posted by Hans Leo J. Cacdac on Saturday, December 17, 2016

According to Hans Leo Cacdac of OWWA, the amount of the cash-back will depend on the actuarial study which was conducted in the first 6 months of the previous year.

“We are still targeting to finish it by the end of the year but just to be on the safe side, hindi na ito lalagpas ng first quarter of the next year. The (Labor) secretary has always wanted to get things done so we will work hard to have this done by the end of the year,” says Cacdac.

Cacdac also thinks that the rebate amount will be crucial, making sure that the amount won’t be too small for its members.

 

“Crucial po yung magkano. Kasi we want to make sure na una hindi masyadong maliit. At pangalawa, hindi ko naman masabing hind masyadong malaki, pero yung sigurado tayong kakayanin ng pondo,” Cacdac said.

Cacdac also asked for patience to avoid future mistakes.

“So please bear with us. We don’t want to bear the mistake of rushing and then biglang hindi pala kaya. So we want to make sure na pag-announce namin. Yung talaga ang tamang halaga,” Cacdac added.

OWWA even hired an actuarial expert to focus on the studying the mechanism and sustainability offered by this program.

Cacdac also emphasized that they need further study to track down old OWWA members and their mode of payment.

“There is a possibility that the members have already relocated in other places. One suggestion that we are looking into is through the banking system,” Cacdac said.

See the live video below :

Posted by Hans Leo J. Cacdac on Thursday, March 22, 2018

Loading...

Share Your Comments!

comments

48 Comments

  1. olive
  2. Allan Vidanes
  3. Rosenia C. Alajas
  4. Guillermo V. Yuki
  5. ric
  6. Marie Lynn S Miguel
  7. melita dagulo
  8. melita dagulo
  9. gregorio cale
  10. Fe Marites Panerio
  11. Arceljorolanrojas
  12. Ambrosio Pingkian
  13. elsa dahan caseres
  14. Agnes
  15. Teresa
  16. Zenaida Permitez Ignacio
  17. Guillermo Espia
  18. armando condol
  19. Nympa j.jimala
  20. catalina t.delosreyes
  21. Lina ABubakar malali
  22. Jennifer B. Tanlizo
  23. Isidro M. Bermudez
  24. Ernesto Benedictos
  25. Marybeth Cuizon
  26. Delaila Andaya
  27. Jo-Ann Taroma Blanco Lacsa
  28. Robert T.Tumaque
  29. noli pineda apostol
  30. Maria Linda. Verdadero
  31. jose b.bendaña
  32. merry ramos
  33. HECTOR BAUTISTA FLORENDO
  34. Corazon Cinco Tubo
  35. Danilo U. Domingo
  36. Federico S. Jurado
  37. Albert B. Uy
  38. Nelson Nonato Realizo
  39. Edgardo S Masanque

Leave a Reply