OFW member of Overseas Workers Well-being Management (OWWA) for at least 10 years that have actually not yet availed any type of type of take advantage of OWWA could be qualified for a rebate or cash-back. This rebate is anticipated to get offered in the initial quarter of 2018.
“In acknowledgment of the contribution of long-time participants to the OWWA Fund, the OWWA will develop and implement a program for the give of rebates or some kind of monetary help to OFWs who have been members of the OWWA for at least ten (10) years and also that, along with their families, have actually not use any kind of solution or gain from the OWWA. The arrangement and the quantity of rebates will be based upon actuarial research appointed by the OWWA for this objective.”
According to Hans Leo Cacdac of OWWA, the a mount of the cash-back will rely on the actuarial research study which was performed in the initial 6 months of the previous year.
“We are still targeting to complete it by the end of the year but just to be on the safe side, hindi na ito lalagpas ng initial quarter of the next year. The (Labor) secretary has always intended to get things done so we will certainly work hard to have this done by the end of the year,” says Cacdac.Cacdac also thinks that
the refund quantity will certainly be essential, making certain that the quantity won’t be too little for its members.”Critical po yung magkano.
Kasi we wish to ensure na una hindi masyadong maliit. At pangalawa, hindi ko naman masabing hind masyadong malaki, pero yung sigurado tayong kakayanin ng pondo, “Cacdac said.Cacdac likewise asked for patience to stay clear of future mistakes.
“So please bear with us. We do not wish to birth the error of
rushing and after that biglang hindi pala kaya. So we intend to make sure na pag-announce namin. Yung talaga ang tamang halaga, “Cacdac added.OWWA also employed an actuarial expert to concentrate on the studying the mechanism as well as sustainability supplied by this program.Cacdac likewise emphasized that they require refresher course to find old OWWA participants as well as their mode of payment.
“There is a possibility that the members have currently relocated in various other places. One pointer that we are considering is via the financial system,”Cacdac claimed.