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ESI launches Relief Scheme for insured Covid victims

ESI launches Relief Scheme for insured Covid victims
DECCAN CHRONICLE.
Updated Jul 27, 2021, 7:37 am IST
The scheme is effective for two years with effect from March 24, 2020
The deceased IP must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 70 days should have been paid or payable in respect of him/ her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death. Representational image?AP
Nellore: In order to provide help and succour to the families of the Insured Persons (IPs) who died due to COVID-19, Employees’ State Insurance Corporation (ESIC) has launched ESIC COVID-19 Relief Scheme. ....

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House passes measure granting employees pension portability

BusinessWorld
May 28, 2021 | 12:03 am
THE HOUSE of Representatives sitting in plenary approved a bill proposing to make pensions portable as workers change employers and to introduce investment options for pension account holders.
In plenary session late Wednesday, legislators approved House Bill 9343 or the proposed Capital Market Development Act. The measure was elevated by Committee on Banks and Financial Intermediaries Chairman and Quirino Rep. Junie E. Cua to the floor on May 17.
“House Bill 9343 is approved on second reading,” Valenzuela Rep. Weslie T. Gatchalian, sitting as deputy speaker, said.
The proposed law seeks to broaden the capital markets by addressing deficiencies in the current pension system. The bill hopes to make pensions “fully-funded, portable, more actuarially fair, and stable.” ....

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City considers local job training program on contaminated site

City considers local job training program on contaminated site
gainesville.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gainesville.com Daily Mail and Mail on Sunday newspapers.

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Employers express support for law making pensions portable

March 17, 2021 | 8:18 pm
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PHILSTAR
EMPLOYERS Confederation of the Philippines President Sergio R. Ortiz-Luis, Jr. said he supports a proposal to make pensions transferable as workers change jobs.
Speaking before the Committee on Banks and Financial Intermediaries Wednesday, Mr. Ortiz-Luis said House Bill 8938, which creates Employee Pension and Retirement Income (EPRI) accounts that stay with the worker regardless of job-switching, will “rationalize pensions, and this is a good way to do it. We will wait for other developments like the IRR (Implementing Rules and Regulations) to make suggestions,” Mr. Ortiz-Luis said.
Capital Market Development Council Co-Chair Benedicta Du-Baladad said the bill intends to make pensions “fully-funded, and adequate for retirees to have sufficient funds for their daily lives.” ....

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DOF supports proposend corporate pension reforms

DOF supports proposend corporate pension reforms
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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