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    Oct10.2014 Bhouse Okays Bill Establishing OWWA Charter

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    The House of Representatives has approved a bill that would establish the Overseas Workers Welfare Administration (OWWA) charter. The measure aims to provide guidelines on the mandate, objectives, membership, contributions, and benefits of OWWA. It establishes an OWWA Board of Trustees to oversee policy and an Administrator as the chief executive. The bill also creates an OWWA Fund to manage contributions in a transparent and prudent manner to support welfare programs for overseas workers and their families.

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    Oct10.2014 Bhouse Okays Bill Establishing OWWA Charter

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    pribhor2
    27 views3 pages
    The House of Representatives has approved a bill that would establish the Overseas Workers Welfare Administration (OWWA) charter. The measure aims to provide guidelines on the mandate, objectives, membership, contributions, and benefits of OWWA. It establishes an OWWA Board of Trustees to oversee policy and an Administrator as the chief executive. The bill also creates an OWWA Fund to manage contributions in a transparent and prudent manner to support welfare programs for overseas workers and their families.

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    House okays bill establishing OWWA charter

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    The House of Representatives has approved a bill that would establish the Overseas Workers Welfare Administration (OWWA) charter. The measure aims to provide guidelines on the mandate, objectives, membership, contributions, and benefits of OWWA. It establishes an OWWA Board of Trustees to oversee policy and an Administrator as the chief executive. The bill also creates an OWWA Fund to manage contributions in a transparent and prudent manner to support welfare programs for overseas workers and their families.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    27 views3 pages

    Oct10.2014 Bhouse Okays Bill Establishing OWWA Charter

    Uploaded by

    pribhor2
    The House of Representatives has approved a bill that would establish the Overseas Workers Welfare Administration (OWWA) charter. The measure aims to provide guidelines on the mandate, objectives, membership, contributions, and benefits of OWWA. It establishes an OWWA Board of Trustees to oversee policy and an Administrator as the chief executive. The bill also creates an OWWA Fund to manage contributions in a transparent and prudent manner to support welfare programs for overseas workers and their families.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    House okays bill establishing OWWA charter

    The House of Representatives has approved on second reading a measure seeking to


    provide a charter that will govern the operations and administration of the Overseas
    Workers Welfare Administration (OWWA).
    House Committee on Overseas Workers Affairs chairman Rep. Walden . !ello
    ("art# $ist% Ak&a#an) defended House !ill '(()% which su&stituted House !ills *+,% -)+.%
    and .-+' of Reps. /usan A. 0ap (-
    nd
    1istrict% Tarlac)% /herwin T. 2atchalian (*
    st
    1istrict%
    3alen4uela)% and 5oseph 2il&ert . 3iolago (-
    nd
    1istrict% 6ueva 7ci8a)% respectivel#.
    The measure% to &e known as the Overseas Workers Welfare Administration Act%
    shall provide guidelines on matters concerning the OWWA% its mandate% purposes and
    o&8ectives% mem&ership% collection of contri&utions% and availment of &enefits and
    services.
    9nder the measure% OWWA% which is an attached agenc# of the 1epartment of
    $a&or and 7mplo#ment (1O$7)% shall &e vested with a special function of developing and
    implementing welfare programs and services that respond to the needs of its mem&er:
    OWs and their families.
    ;n recognition of the contri&ution of long:time mem&ers to the OWWA und%
    OWWA shall develop and implement a program for the grant of re&ates or some form of
    financial assistance to OWs who have &een mem&ers of OWWA for at least five #ears
    and have not availed of an# service or &enefit from OWWA.
    The measure provides for the reintegration of OWs as one of the core programs of
    OWWA% and creates the 6ational Reintegration Center for OWs as an attached agenc# of
    OWWA.
    OWWA shall also grant &enefits and services to mem&er:OWs such as repatriation
    assistance% loan and credit assistance% workers assistance and on:site services% social
    &enefits < death and disa&ilit# as well as health care &enefits% educational and training
    &enefits.
    The OWWA shall maintain a comprehensive data&ase of mem&er:OWs to &e
    updated regularl#. 6o OW shall &e denied mem&ership to the OWWA &# reason of age%
    gender% nationalit#% religious &elief% or political opinion or affiliation.
    The measure mandates that there should &e sufficient operative &udget of OWWA to
    support full protection of the OW welfare% which shall &e reviewed annuall# &# the
    OWWA !oard with emphasis on ade=uate funding for services and agenc# efficienc#.
    NR # 3615B
    OCT. 10, 2014
    The measure creates OWWA !oard of Trustees% a polic#:making &od# composed of
    *- mem&ers and chaired &# the /ecretar# of $a&or and 7mplo#ment.
    The OWWA /ecretariat% the implementing arm of OWWA% shall &e esta&lished with
    the OWWA Administrator acting as the Chief 7>ecutive Officer and two 1eput#
    Administrators assisting in the administration and supervision of operations of OWWA.
    The measure likewise esta&lishes OWWA und% a private fund held in trust &#
    OWWA and sourced from the sum total of the amounts under the management and fiscal
    administration of the !oard% including the 9/?-+ contri&utions and other amounts that
    shall accrue to the und as fees% investment and interest income.
    ;n accordance with the purpose stipulated in the proposed Act% the OWWA und
    shall &e managed with full transparenc# and full pu&lic disclosure &# the !oard% the
    designated trustee% &ound &# a fiduciar# dut# to manage with e>tra:ordinar# diligence and
    utmost skill% care and 8udiciousness.
    The OWWA shall ensure an appropriate growth rate in the und sufficient to sustain
    the growing needs of mem&er:OWs. ;t shall periodicall# conduct an inventor# of its
    investment instruments and ensure that the# are properl# kept at a government &ank under
    a custodianship agreement.
    9pon approval of the !oard% all OWWA investments shall &e placed onl# in
    government securities and &onds% which provide optimum earnings% li=uidit# and
    protection. "ortfolio management of investi&le funds shall &e outsourced to government
    financial institutions (2;s).
    The present OWWA !oard% in consultation with the /enate Committee on $a&or
    and 7mplo#ment and the House Committee on Overseas Workers Affairs% shall
    promulgate the ;mplementing Rules and Regulations (;RR).
    Other authors of the measure are !ello and Reps. ;sidro T. 9nga& (*
    st
    1istrict%
    1avao Cit#)% Thelma @. Almario (-
    nd
    1istrict% 1avao Oriental)% 1akila Carlo e. Cua ($one
    1istrict% Auirino)% $eopoldo 6. !ataoil (-
    nd
    1istrict% "angasinan)% Celso $. $o&regat (*
    st
    1istrict% @am&oanga Cit#)% Bariano 3. "iamonte 5r. ("art# $ist% A Teacher)% Carlos B.
    "adilla ($one 1istrict% 6ueva 3i4ca#a)% Ba. $ourdes Acosta:Al&a (*
    st
    1istrict% !ukidnon)%
    rederick . A&ueg (-
    nd
    1istrict% "alawan)% "edro !. Acharon 5r. (*st 1istrict% Cota&ato)%
    6icasio B. Aliping 5r. ($one 1istrict% !aguio Cit#)% Bagnolia Rosa C. Antonino:Andres
    ('
    th
    1istrict% 6ueva 7ci8a)% Rose Barie Arenas (.
    rd
    1istrict% "angasinan)% Rodel B.
    !atoca&e ("art# $ist% Ako !icol)% /ilvestre H. !ello ("art# $ist% *!A")% Anthon# B.
    !ravo ("art# $ist% COO":6ATCCO)% 6eri 5. Colmenares ("art# $ist% !a#an Buna)%
    Anthon# 2. 1el Rosario (*
    st
    1istrict% 1avao 1el 6orte)% $awrence $emuel H. ortun (*
    st
    1istrict% Agusan del 6orte)% 2wendol#n . 2arcia (.
    rd
    1istrict% Ce&u)% Ana Cristina /. 2o
    (-
    nd
    1istrict% ;sa&ela)% Agapito H. 2uanlao ( "art# $ist% !9T;$)% 2erald Anthon# 3. 2ullas
    (*
    st
    1istrict% Ce&u)% ernando $. Hicap ("art# $ist% A6AC"AW;/)% $u4viminda ;lagan
    ("art# $ist% 2a&riela)% 7velina 2. 7scudero ( *
    st
    1istrict% /orsogon)% 5esulito A. Banalo
    ("art# $ist% A62C$A)% Bark $landro $. Bendo4a ('
    th
    1istrict% !atangas)% 7ric $.
    Olivare4 (*
    st
    1istrict% "arana=ue)% 3ictor . Ortega (*
    st
    1istrict% $a 9nion)% $eah s. "a=ui4
    ("art# $ist% A62 6AR/)% Terr# $. Ridon ("art# $ist% Ca&ataan)% Roman T. Romulo ($one
    1istrict% "asig Cit#)% 7strellita !. /uansing (*
    st
    1istrict% 6ueva 7ci8a)% Angelina 1.$. Tan
    ('
    th
    1istrict% Aue4on)% Randolph s. Ting (.
    rd
    1istrict% Caga#an)% 7ulogio R. Bagsa#sa#
    ("art# $ist% A37)% Antonio $. Tinio ("art# $ist% ACT T7ACH7R/)% 5uliette T. 9# (-
    nd
    1istrict% Bisamis Oriental) and 3ictor 5. 0u (*
    st
    1istrict% @am&oanga 1el /ur).(.)) jc

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