Connect with us

Hi, what are you looking for?

Economy

DoLE backs jobless insurance scheme

THE Department of Labor and Employment (DoLE) said it supports a bill creating an unemployment insurance program for displaced workers.

At a House hearing Wednesday, Labor Undersecretary Ana C. Dione said the department supports the unnumbered substitute bill that will establish a National Unemployment Insurance Program. However, she added that requirements for workers to qualify for unemployment insurance should be less stringent.

“We support the bill but we have a suggestion on eligibility to reduce the requirements,” she said, adding that retrenched persons need to more easily avail of the benefits.

Ms. Dione said the current bill requires workers to undergo job counselling provided by the program or its accredited partners in order to be eligible for unemployment benefits.

Marikina City Rep. Stella Luz A. Quimbo, author of the bill, said: “I agree 100% maybe it is onerous (what the employee) has undergone.” She added that applicants might instead provide proof that they have started job counselling or produce a certificate stating that they are willing to undergo counselling.

The House Subcommittee on Employment on Wednesday approved the substitute bill, subject to style and amendments. It will next face the subcommittee’s mother panel, the House Committee on Labor and Employment.

The proposed unemployment insurance program aims to provide lost-income protection for workers involuntarily separated from employment. The bill also proposes to create the Philippine Job Insurance Corp. , which will oversee the viability and implementation of the program. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE PHILIPPINES lags regional peers in terms of the share taken up by solar and wind energy in its power mix, energy think tank...

Economy

THE PHILIPPINE government tempered its economic growth target for this year, as rising inflation and ballooning debt threaten to hamper the economy’s recovery from...

Economy

By Keisha B. Ta-asan SOURED LOANS held by Philippine banks declined for a third straight month in May, bringing the nonperforming loan (NPL) ratio...

Economy

THE NATIONAL Government is hoping local government units (LGUs) will channel their expanded budgets into raising agricultural output, Finance Secretary Benjamin E. Diokno said....

Economy

THE MARCOS administration should immediately address power supply shortages and high electricity rates, which are affecting businesses in the country, the Philippine Chamber of...

Economy

MANILA Electric Co. (Meralco) has confirmed receipt of an order from the Energy Regulatory Commission (ERC) directing the country’s largest power distribution utility to...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.