Back Pay Pension Funds

Embed Size (px)

Citation preview

  • 8/10/2019 Back Pay Pension Funds

    1/20

    BACK-PAYS/PENSION FUND

    FOR THE

    BENEFITS

    OF

    ELDERLY PILIPINOS

    Research, Processed, Prepared and Coordinated by:Peoples Cooperative Association of the Philippines Intl. Inc./Limited

    (PCAPII/PCAPIL) and Man from Asia Consultancy Group

  • 8/10/2019 Back Pay Pension Funds

    2/20

    T R U S T

    I N

    G O D

  • 8/10/2019 Back Pay Pension Funds

    3/20

    OPEN PROPOSAL

    November 11, 2014

    HE BENIGNO SIMEON C. AQUINO IIIPresident

    Republic of the Philippines

    Re: BACK-PAYS/PENSION FUND FOR ELDERLY PILIPINOS

    His Excellency,

    We want to inform the Office of the President regarding available funds notcoming from Tax-Payer Money that can be availed to help our QualifiedBeneficiaries the Elderly Filipinos that were born on or before the end ofWorld War I- 1918, World War II-1945 and Senior Citizen. The available fundis part our Loan Fund Project Program to be availed from the World War Iand World War II Reparation Commission. Funds were already transferredhere in the Philippine Bank/s

    Back-Pays/Pension Fund will be part of our total loan to be availed tofinance the Philippine Economic Environmental Social Spiritual (PEESS)Projects through the implementation nationwide of the prepared ForeverGreen Project Program and attached projects

    In that regards we are proposing creation of the Specialized Agency calledWar Pension Fund Agency (WPFA) through Executive Order No___, 2014

    and appointing our group PCAPII/Man from Asia Consultancy Group as theimplementing group for the processing, management and distribution ofBack-Pays/Pension Fund for Elderly Filipinos

    Attached are the Brief Project Proposal, Introduction, Executive Summaryand Draft of the Implementing Rules and Regulation (IRR) for your perusaland approval. Hoping we can able to help our Kababayan in this kind ofHumanitarian Project Proposal.

    The will of God always prevailed against the will of men: God Bless us all!!

    Respectfully yours,

    Mr. Cesar Alonzo Nocum/NucomHead Consultant

  • 8/10/2019 Back Pay Pension Funds

    4/20

    INTRODUCTION

    AND

    EXECUTIVE SUMMARY

    OF

    BACK-PAYS/ PENSIONFUNDS

    FOR ELDERLY PILIPINOS

    (WAR REPARATION)

  • 8/10/2019 Back Pay Pension Funds

    5/20

    INTRODUCTION

    ALL NATIONS IN THE WORLD ARE SUFFERING FROM THE LONGESTAND BIGGEST ECONOMIC, FINANCIAL AND ENVIRONMENTALPROBLEMS. ALL NATIONS INCURRED RECORD HIGH OF NATIONAL

    DEBT INCLUDING RICH AND DEVELOPED NATIONS. THE SOCIALPENSION FUNDS PARTICULARLY BELONGS TO THE ELDERS WEREREDUCED AND TO BE REDUCED THAT THE POSSIBILITY TO BEELIMINATED IS POSSIBLE BECAUSE OF SHORTAGE OF NATIONALBUDGET

    ALL CURRENCY OF PARTICULARLY COUNTRY/NATION/S DEVALUEDTHE PURCHASING POWER DECREASED DOWN TO 50% THATRESULTED INTO INFLATION OF PRICES.

    HERE IN THE PHILIPPINES WE CAN ADD ADDITIONAL BACK-PAYS/PENSION FUND TO THE P500 PER MONTH PROVIDED BY THENATIONAL GOVERNMENT TO ELDERLY FILIPINOS WITH AGE OF 77

    YEARS OLD AND ABOVE NOT ENOUGH TO CATER THEIR DAILY BASICNEEDS FOR LIVING

    SINCE YEAR 2000 THE PCAPII/MAN FROM ASIA CONSULTANCYGROUP A NON-GOVERNMENT ORGANIZATION (NGO) STARTEDPROCESSING THE LOAN PROJECT PROGRAM FUNDS FROM WARREPARATION FROM WORLD WAR I AND WORLD WAR II AND WE

    WERE ABLE TO SUBMIT ALL THE REQUIRED DOCUMENTATION ANDFEASIBILITY STUDY THAT RESULTED TO GET AN APPROVAL FROMWORLD WAR I REPARATION COMMISSION THE FINANCIALASSISTANCE THROUGH LOAN PROJECT PROGRAM IN THE AMOUNTOF US$121.80BILLION

    IN THAT REGARDS IN RESPECT AND SALUTE TO OUR LIVING HEROESWE CONCEPTUALIZED PHILIPPINE ECONOMIC ENVIRONMENTALSOCIAL AND SPIRITUAL (PEESS) PROJECTS UNDER PROJECT CODENAME INANG PILIPINAS 2000 THROUGH FOREVER GREEN

    PROJECT PROGRAM PART OF THE LOAN PROJECT PROGRAM IS TOPROVIDE THE BACK-PAYS/PENSION FUND TO THE LIVING HEROESTHE QUALIFIED ELDERLY PILIPINOS NATIONWIDE SO THAT THEYWILL LEAVE IN PROSPERITY AND PEACE BEFORE LEAVING THEMATERIAL WORLD

    A.BACK-PAYS/PENSION FUND

  • 8/10/2019 Back Pay Pension Funds

    6/20

    EXECUTIVE SUMMARY

    BACK-PAYS/PENSION FUND FOR ELDERLY PILIPINOS

    Realizing that fact on how our Elderly Pilipinos received very minimalamount to sustain their daily living the Peoples Cooperative Associationof the Philippines International Inc. (PCAPII) had collaborated andconceptualized a Humanitarian, Environmental and Spiritual Projectaimed at addressing the Elderly Pilipinos needed economic supportthrough providing the Back-Pays/Pension Fund to sustain not onlytheir daily needs but also the extended family members through theinterlocking environmental livelihood projects conditions

    The project will not only provide the needed economic supportrequirement for the Elderly Pilipinos but at the same time creatingmillions of permanent, sustainable employment, food security andenvironmental project solutions for the whole Pilipino nation through theproject implementation of Forever Green Project Program andattached projects with main objectives 1stis to uplift the living conditionof the poor Pilipinos, 2nd To protect the Mother Earth from totalEnvironmental Destruction and 3rdTo Return the Faith of the people toONE GOD

    The Back-Pays/Pension Fund for Elderly Filipinos will come from LoanProject Program to be availed by PCAPII/Man from Asia Consultancy

    Group from World War I and World War II Reparation Commission.Repayment of Loan Funds are 100% responsibility of theBorrower/Project Proponent the PCAPII/Man from Asia ConsultancyGroup.

    Initial Project cost of US$1Billion and Nationwide Project Cost of US$38Billion with minimum of Ten (10) years of catering the Economic Supportfor all the Qualified Elderly Pilipinos. Aside from Returning theRespect to Elderly Pilipinos, it will also provide, health support,housing, lifetime employment, clean and friendly energy, permanent

    source of food that would benefits not only the Elderly Pilipinos but thewhole nation all the Pilipinos. The project will start in the Municipality ofSto. Tomas, La Union and to be duplicated in all the 171Municipalities/Cities of Yolanda Typhoon area, in Luzon, Visayas andMindanao nationwide.

    A project for the Elderly Pilipinos but will be beneficial to the entirePilipino Nation (Inang Pilipinas)

    B.BACK-PAYS/PENSION FUND

  • 8/10/2019 Back Pay Pension Funds

    7/20

  • 8/10/2019 Back Pay Pension Funds

    8/20

    War Pension Fund Agency (Specialized Agency), Philippine VeteransBank, Bangko Sentral ng Pilipinas, Philippine Veterans Affairs Office,

    National Statistic Office, Department of Interior Local Government,

    Office of the Senior Citizen Affairs, Department of National Defense,Department of Foreign Affairs

    Joint Circular No.November ____, 2014

    After 100 years of the World War I, and almost 70 years of the World War II thatbrought incredible destruction, economic, psychological damages to the whole world thatresulted of Multiple Problems that still affected the Pilipino people particularly the ElderlyPilipinos, the Executive Order No. ___ Series 2014 Instituting the creation of theSpecialized Agency called War Pension Fund Agency that will process, operate,

    manage, distribute the Back-Pays/Pension Fund to Qualified Beneficiaries theElderly Pilipinos . The Specialized Lead Agency the War Pension Fund Agency (WPFA)Philippine Veterans Bank (PVB), Bangko Sentral ng Pilipinas (BSP), Philippine Veterans

    Affairs Office (PVAO), Department of National Defense (DND), Office of the Senior CitizenAffairs (OSCA), Department of Health (DOH), Philippine Health Insurance Corporation(Philhealth), Department of Social Welfare and Development (DSWD), Department of

    Agriculture (DA),National Food Authority (NFA),Department of Trade and Industry (DTI),Department of Environment and Natural Resources (DENR), Technical Education SkillsDevelopment Authority (TESDA) and Department of Foreign Affairs (DFA) hereby jointlyissue, adopt promulgate the following implementing rules and regulations

    RULE I- GENERAL PROVISIONSECTION 1. Title

    These rules shall be known and cited as the Implementing Rules and Regulationsof EO No. ___, Series of 2014- Back-Pays/Pension Fund for the Elderly Pilipinos

    SECTION 2: CoverageThese rules shall govern the following:

    a.) Guidelines for the sourcing of Pension Fund/Back-Paysb.) Responsibilities of WPFA-Lead Agency, PVB, BSP, PVAO, NSO, OSCA, DFA,

    Banks, attached Agencies, and all Stakeholdersc.) Guidelines for Qualified Beneficiariesd.) Guideline Back-Pays/Pension Funds Distributione.) Guidelines and Mechanics of Implementationf.) Information and Education Campaign; andg.) Reportorial Requirement

    Page1-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    9/20

    SECTION 3. Defin i t ion of Terms

    The terms used in this IRR shall have the following meanings:a.) AFP- refers to the Armed Forces of the Philippines;b.) BIR- refers to the Bureau of Internal Revenue;c.) BSP-refers to the Bangko Sentral ng Piilpinas

    d.) DA-refers to the Department of Agriculturee.) DILG- refers to the Department of Interior Local Governmentf.) DFA- refers to the Department of Foreign Affairs;g.) DND-refers to the Department of National Defense;h.) DSWD-refers to the Department of Social Welfare and Development;i.) DTI-refers to the Department of Trade and Industry;

    j.) FRAC refers to the Federal Reserve Authorized Code;k.) FGPP-refers to the Forever Green Project Program;l.) IEC-refers to Information Education and Campaign;m.) IRR- refers to Implementing Rules and Regulation;n.) LA-refers to the Lead Agency

    o.) MACG- refers to the Man from Asia Consultancy Groupp.) NFA- refers to the National Food Authorityq.) NG-refers to National Government;r.) NSO-refers to the National Statistic Office;s.) Order- refers to Executive Order No. ____ Series of 2014;t.) OP- Office of the President;u.) OSCA-refers to the Office of the Senior Citizen Affairsv.) OTOP-refers to One Town One Productw.) PCAPII-refers to the Peoples Cooperative Association of the Philippines

    International Inc.x.) PhilHealth- refers to the Philippine Health Insurance Corporation

    y.) PVAO- refers to the Philippine Veterans Affairs Officez.) PVB-Philippine Veterans Bank;aa.) PIA- refers to Philippine Information Agency;bb.) SA-refers to Specialized Agency;cc.) SPSPEP-refers to the Sustainable Projects Solution on the Philippine

    Environmental Problemsdd.) TESDA- refers to the Technical Education Skills Development Authorityee.) TOP-refers to the Treaty of Parisff.) TOV-refers to the Treaty of Versaillesgg.) UGA- refers to the Universal Green Army;hh.) USCRA: refers to the United States Congress Reparation Act of 1946ii.) WPFA- refers to War Pension Fund Agency (Lead Agency)

    jj.) WWIRC-refers to the World War I Reparation Commissionkk.) WWI-refers to World War I- Damages US$33Trillion-US$186Trillionll.) WWII-refers to World War II-Damages US$1.382Quadrillion

    Page 2-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    10/20

    RULE II. BACK-PAYS/PENSION FUND

    SECTION 4. Source of Reparation Fund

    The source of Pension Fund/Back-Pays to be distributed to the Elderly

    Filipinos is part of the of the Loan to be availed by the PCAPII/Man from AsiaConsultancy Group from Global War Reparation incurred during the World War I andWorld War II including the United States Rehabilitation Act of 1946 fully describe onthe following events, treaties, Congressional Act:

    War Date Treaty/ Amount of DamagesWorld War I 1914-1918 TOV US$33Trillion-US$186TrillionWorld War II 1938-1945 TOP US$1.349QuadrillionUS Rehabilitation Act 1946 USCRA US500/per head

    RULE III. FUND

    SECTION 5. Fund SourcingThe initial amount of One Billion United Dollars (US$1,000,000,000.00) for the

    BACK-PAYS part of the total loan approved to PCAPII/MACGin the amount of OneHundred Twenty One Point Eight Billion United States Dollars(US$121,800,000,000.00) from World War I and World II Reparation Commissiondeposited at the Hanging Account/s in several banks in the Philippines and foreignbanks will be used and to be distributed as the BACK-PAYS/PENSION FUNDto theElderly Pilipino Qualified Beneficiaries

    RULE IV. BENEFICIARY

    Section 6: Qualified Beneficiaries

    All Elderly Pilipino Citizens without any support receive from the government andprivate agencies born on or before the following dates:

    1. Born on or before 1918 end of World War I2. Born on or before 1945 end of the World War II3. All Senior Citizens when reaching 60 years old in the time of

    implementation

    RULE V. AMOUNT OF BENEFITS

    Section 7: Cash Value and In-kind

    The total of Benefits to be received by the Individual Beneficiary is on thefollowing manner:

    Age Bracket (Spread) One Time Monthly1. Born on or before 1918 3 months US$3,000 P21,0002. Born on or before 1945 2 months US$2,000 P14,0003. Senior Citizen 60 years old 1 month US$1,000 P 7,000

    Page 3-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    11/20

    Section 8: Distribution Ratio of Benefits

    The Total Cash Benefits will be divided into the following manner:1.Cash : 40%; 2. In-Kind :30%; 3. Interlocking Support Projects: 30%

    In-Kind Items: Medicine, Health Insurance, Health Gadgets, Tools, Vitamins, Food,Grocery, Rice and other basic needs of the Qualified Beneficiary

    Interlocking Support Projects: Livelihood Projects will be extended to Members ofthe Qualified Beneficiary as required as part of the Interlocking Requirement inReceiving the Back-Pays/Pension Fund

    Section 9: Additional Other Benefits

    1. Recreational tours, Birthday Party/Gift, Burial, eternal place & others

    RULE VI. REGISTRATION OF QUALIFIED BENEFICIARIESSection 10: Office

    All Qualified Beneficiaries (Elderly Pilipino) will visit the War Pension FundAgency (WPFA) Office to be established every Municipal and City nationwide nearthe Office of the Senior Citizen Affairs (OSCA), the Qualified Beneficiaries will beassisted by WPFA Employees for Official Registration

    Section 11: Bed Ridden Qualified Beneficiaries

    All Bed Ridden Qualified Beneficiaries will be personally visited in their homefor official registration to be conducted by the WPFA Employees

    Section 12: Authorized Representative

    All Immovable Qualified Beneficiaries will Appoint Authorized Representative toreceive and to collect the Cash and In-kind Benefits through signing of AuthorizedRepresentative Form during the Official Registration

    Section 13: Biometric Identification Card

    All Color Coded BACK-PAYS/PENSION FUND Biometric Card will be issued toall Qualified Beneficiary upon official registration with System Arrangement to theServicing Bank/s

    Section 14: Disqualification of the Qualified Beneficiary:

    WPFA has the Sole Blanket Authority to decide on the Disqualification of theQualified Beneficiary on the following ground:

    1. Back-Pays/Pension cannot be used to any Illegal activities by theQualified Beneficiary including the family members

    2. Non-performance of the Qualified Beneficiary or the extended familymembers to do the Interlocking Livelihood Projects

    Any violation and non-performance committed by the Qualified Beneficiaryand Extended Family Members is a ground for disqualification or stopreleasing Back-Pays/Pension Fund

    Page 4-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    12/20

    RULE V. BANKS AND OTHER FACILITIES

    Section 15: Bank Services

    Bank Services for Qualified Beneficiaries Cash requirement will be cateredby the WPFA Accredited Bank/s located within the Municipal/City for smooth andeasy facilitation of transaction

    Section 16: In-Kind Products and Goods

    Specialized Agency WPFA with PCAPII-Man from Asia Consultancy GroupBayan/Barangay Grocery and Botica will sustainably provide the In-Kind products,goods and services requirement of the Qualified Beneficiaries and giving priority tothe local domestic products, good and services producers, provider andmanufacturers in the area to be supported by all national and local governmentagencies concerned

    RULE VI. PROGRAM VALIDITY and CAPACITY

    Section 17: Funds Availability

    The BACK-PAYS/PENSION FUND program will last till all the PilipinoElderly catered the Benefits for the minimum of Ten (10) years starting from the firstyear of implementation to cater minimum Qualified Beneficiaries of Living ElderlyPilipino Heroes

    E VII. RESPONSIBILITIES

    SECTION 18: Responsibilities of the SA (WPFA)

    The SA/LA shall:A. Lead Agency in the processing, claiming, coordinating, integrating

    Facilitating and distribution of the BACK-PAYS/PENSION FUNDCash and In-kind intended for the Qualified Beneficiaries ElderlyPilipinos born on or before the end of World War I, II & Senior Citizen

    B. Be the Sole Lead Agency in management, operation, distribution ofthe BACK-PAYS/PENSION FUND intended for the Elderly Pilipinosborn on or before 1945 end of the World War I, II and Senior Citizens

    C. Submit to the Office of the President the Action Plan on theBACK-PAYS/PENSION FUND such as:

    - Brief Action Plan on the BACK-PAYS/PENSION FUNDPart of the War Reparation Fund of World War I and II

    - Number of Qualified Beneficiaries and Classification- Amount of Benefits to be received by each Beneficiary- Benefits in Cash and In-kind- Total Amount ofBack-Pays/Pension Fundin yearly report- Project Locations and;- Schedule of project implementation

    Page 5-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    13/20

    D. Establish WPFA Office in every Municipal and City nationwide withcomplete office furniture, fixture, communication system and serviceslocated including Emergency Health need such as: EmergencyClinic, Ambulance complete with First Aid and Emergency Health

    Gadget and tools near to the Municipal and City OSCA office in

    coordination to the DILG-LGUE. Hire manpower within the Municipal/City as required in the official

    registration of the Qualified Beneficiaries and distribution of BACK-PAYS/PENSION FUNDin Cash and In-Kind goods, health servicesparticularly Health Workers such as at least min. Two Nurse everyMunicipal/City, One Doctor for every District, One Ambulance Driver/Heath Worker every Municipal/City for emergency transporting theElderly patient to the nearest Health Facilities/Hospitals

    F. Coordinate to Servicing Bank/s for the distribution of BACK-PAYS/PENSION FUND in Cash to all Qualified Beneficiaries nationwide

    located with in near to every municipal/city where the QualifiedBeneficiaries residing with new Over the Counter Assistance by theServicing Bank Employees

    G. Coordinate to Department of Health (DOH) and PhilHealth (HealthInsurance) for Government and Private Hospitals for Health Servicerequired for the Hospitalizations of the Qualified Beneficiaries

    H. Establish the Bayan/Barangay Grocery and Botica for thesustainable and permanent supply requirement for the In-KindBenefits of the Qualified Beneficiaries such as; Medicine, vitamins,grocery, drinks, rice and other products available the vicinityincluding the arrangement the Birthday Gift/s, Party andRecreation Tour every year for the Elderly Pilipinos

    I. Establish the Interlocking Project Centermandatory required inreceiving PENSION FUND/BACK-PAYS to Qualified Beneficiariesparticipation till capable to move or family members and will supportthe local products manufacturers/suppliers (OTOP)in the vicinity andProjects attached under the Forever Green Project Program, Cleanand Green, Back-yard and Front-yard Gardening and other projectssupport by all national and local government agencies

    J. To establish and develop an Eternal Place (Cemetery) for everyMunicipal/City to be the location/s forever of the QualifiedBeneficiaries Pilipino Elders decided to rest in peace with Burialsupport and services for Free

    K. To establish Council of Elders in every Municipal/City that willserve as the Moral and Spiritual Council in the particular vicinity,the Elders will elect the Officers by themselves and will receivesalaries, wages and allowances in form of Per-Diem aside fromtheir PENSION FUND/BACK-PAYS

    Page 6-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    14/20

    SECTION 19: Responsibilities of BSP

    The BSP shall:

    a. Serve as the Confirming Bank of the War Reparation Loan Funds/stransferred and deposited under the Hanging Account/s in all the Local Bank/s

    b. Mandatory to submit to WPFA all Banking Documents as requested related to WarReparation Loan Funds deposited under Hanging Account/sc. Required for mandatory to honor the Authorized Signatory of the War ReparationFund deposited under Hanging Account/s based on the Federal Reserve AuthorizedCode (FRAC)Number and Immunity Serial Code Numberd. Mandatory to following the International Banking Procedure being followedworldwide particularly in the remitted funds and transferred funds under Hanging

    Account/s

    SECTION 20: Responsibilities of PVB:

    The PVB shall:

    a. Serve as One (1) of the Servicing Bank in distribution of BACK-PAYS to allQualified Beneficiariesb. Required for mandatory submission of All Pensioners Name/s since 1946 up topresentc. Required for mandatory to honor the Authorized Signatory of the War ReparationFund deposited under Hanging Account/s based on the Federal Reserve AuthorizedCode (FRAC) Number and Immunity Serial Code Numberd. Mandatory to following the International Banking Procedure being followedworldwide particularly in the remitted funds and transferred funds under Hanging

    Account/s

    SECTION 21: Responsibilities of DND and PVAO:

    The DND and PVAO shall:

    a. Mandatory to submit to WPFA Office as requested the listing name/s andsupporting documents as requested of All Veterans since World I and WorldII on filed starting 1946 up to present

    SECTION 22: Responsibilities of OSCA

    The OSCA shall:

    a. Mandatory to submit to the WPFA Office as requested the listing name/sand supporting documents as requested of All Senior Citizens on filed

    SECTION 23: Responsibilities of DILG-LGU

    The DILG-LGU shall:

    a. Mandatory to accommodate and provide temporary office space to WPFAOffice while establishing the permanent WPFA Office in the vicinity

    Page 7-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    15/20

  • 8/10/2019 Back Pay Pension Funds

    16/20

    SECTION 30: Responsibilities of DA

    The DA Shall:

    a. To support and provide Agro-Forestry, Agro-Livestock, Aqua-Marine and other

    project program and resources applicable to the Qualified Beneficiaries

    SECTION 31: Responsibilities of NFA

    The NFA Shall:

    a. Mandatory to allot Monthly One (1) Cavan of 50 Kilos Premium Rice(imported/local) for every Elderly Pilipinos to be delivered/pick-up and paidby WPFA/PCAPII Grocery and Botica based on the Regular Selling Price

    SECTION 32: Responsibilities of DTI

    The DTI Shall:

    a. To support and provide the technical support in products quality, prices andsuppliers to be delivered in Bayan/Barangay Grocery and Botica and all neededsupport to the development of the One Town One Product (OTOP) in processing,repacking, packaging products from Agro-Forestry, Agro-Livestock and Aqua-Marineproject program and other resources applicable to the Qualified Beneficiaries

    SECTION 33: Responsibilities of TESDA

    The TESDA Shall:

    a.To support and provide technical assistance in training, seminar, programs toQualified Beneficiaries including extended family members in processing,manufacturing and producing available projects programs in the area

    RULE VIII. IMPLEMENTATION

    SECTION 34: War Reparation Fund already officially Claimed andProcessed by the WPFA

    Loan already availed, documentation signed between PCAPII and WPFA and ready forimplementation, Funds transferred under the WPFA Bank Account/s the following Banking

    Procedure will be implemented

    A. Servicing Agreement to Bank/s available in the Municipal/City nationwidewith protection included in Bank Products Services for releasing Back-Pays/Pension Fund through ATM Machine or over the counter releases

    B. Number of Qualified Beneficiaries every Municipal/City using referenceBase on the OSCA, DSWD, DOH-Philhealth, PVAO, NSO, record will beGiven the allotment of Twelve (12) Month budget or One (1) year

    Page 9-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    17/20

    SECTION 35: Beneficiaries

    The Living Elderly Pilipinos born on or before 1918,on or before 1945 and Senior Citizensare the direct beneficiaries of the PENSION FUND/BACK-PAYS, The Dominoeffectof Multiple Problems of Economic Slavery and Poverty will be solved on the last

    remaining years of the Elderly Pilipinos including family members will leave in prosperityand peace

    SECTION 36: Guidelines for Computation PENSION FUND/BACK-PAYS inCash and In-kind will be based on the WPFA formula

    The Birthday of the Qualified Beneficiary will be the bases in computation of PensionFund/Back-Pays in Cash and In-kind

    Date Age Bracket Back-Pays (Spread) Monthly Pension

    Born on or before 1918 US$3,000 (3 months) P21,000

    Born on or before 1945 US$2,000 (2 months) P14,000Senior Citizen 60 years old US$1,000 (1 month) P 7,000

    SECTION 37: Registration of Qualified Beneficiary

    The WPFA Office will do the official registration of Qualified Beneficiaries to WPFA OfficeLocated every Municipal and City nationwide with the following form and documents to beissued:

    A. Official Registration WPFA-Member Form signed or Thump mark of theQualified Beneficiary

    B. Waiver of Quit Claims to All Human Rights Cases in any domestic and

    foreign court/s except for the International Court of Justice case/s if anyC. Authority of Representative in-case of immovable Qualified BeneficiaryD. Biometric Coded Identification Bank Cash Card will be issued in-favor of

    the Qualified Beneficiary after the Official Registration (to be releasedwithin 3 days)

    E. Signing Benefits 1) Cash US$500/P= and 2.) In-Kind worth US$500/P=

    SECTION 38: Cut-Off Date in receiving Pension Fund/Back Pays and In-kind Benefits

    The Qualified Beneficiary will start to receive the Back-Pays and Monthly Pension Fund on

    the following manner:

    CASH:A. The Qualified Beneficiary born on or before 1918 will receive the balance of

    Back-Pays of US$2,000/P= in the coming two (2) months or US$1,000 eachmonth on 40%-30%-30% (Cash,In-kind 7 livelihood support) schedule to bereleased every 1stweek of the month and the Monthly Pension Fund ofTwenty One Thousand Pesos (P21,000)

    Page 10-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    18/20

    B. The Qualified Beneficiary born on or before 1945 will receive the balance ofBack-Pays of US$1,000/P= in the coming month or US$1,000 on 40%-30%,30% Cash, In-kind & livelihood support) schedule to release every 2ndweekof the month and the Monthly Pension Fund of P14,000

    C. The Qualified Beneficiary Senior Citizen reach 60 years old in time of

    implementation will receive the Pension Fund of US$1,000 on 40%-30%-30% (Cash,In-kind and livelihood support) schedule to be released every3rd weekof the month in the amount of P7,000

    IN-KIND:Qualified Beneficiary will be informed in advance where to pick-up or to deliverthe In-kind products, goods and services

    SECTION 39: Mechanics in withdrawing of PENSION FUND/BACK-PAYS of the Qualified Beneficiary of Servicing Bank/s

    Only Registered Qualified Beneficiary with their Individual Biometric Coded Cash Card

    is entitled to withdraw the BACK-PAYS/PENSION FUND to be assisted over thecounter Servicing Bank Employees to avoid Impostor Beneficiary

    SECTION 40: Funds and In-kind availability

    WPFA Office make sure the available Funds and In-Kind for the PENSIONFUND/BACK-PAYS is good for Seven (7) Months to cater the PensionFund/Back-Paysand In-kind Requirement of the Qualified Beneficiaries

    In-case of Fund Shortage and In-kind Supply Shortage the WPFA has availablestand-by Cash and Supply In-kind good for Five (5) months

    RULE IX. INFORMATION AND EDUCATION CAMPAIGN(IEC)

    SECTION 41. Beneficiaries and Mechanics

    The SA/LA/WPFA, OSCA, DILG, DSWD, DND, DOH and PhilHealth will conductnecessary IEC to support the BACK-PAYS/PENSION FUND for the Elderly Pilipinos. ThePIA is requested to assist in the conduct of IECs and all government agencies are enjoinedto provide the necessary support to the WPFA, shall required all OSCA Offices to post theIEC materials in their establishment, for this purpose the WPFA and OSCA shall use theappropriate the tri-media to inform the public motorist beneficiaries

    RULE X. REPORTSSECTION 42: Report to WPFA

    The Servicing Bank/s, PCAPII-Barangay/Bayan Grocery, Registration Division,Financing Division, Interlocking Projects Division, Council of Elders, Other Benefits Divisionshall submit to WPFA report on the implementation of the revival of BACK-PAYS/PENSION FUNDwithin one (1) month from the start of assistance and every monththereafter until the PENSION FUND/BACK-PAYShas fully implemented

    Page11-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    19/20

    SECTION 43. Report to the Office of the President

    The WPFA- PCAPII shall submit a report on the status of the implementation of theBACK-PAYS/PENSION FUND for the Elderly Pilipinos to the Office of the Presidentwithin Seven (7) months from the receipt of the report of Servicing Bank/s and allconcerned divisions. Such report shall be submitted every Twelve (12) months thereafter

    until the of BACK-PAYS/PENSION FUNDhas been fully implementedRULE XI. FINAL PROVISION

    SECTION 44: Governing Clause

    Any request for clarification on any provision of this IRR shall be referred to theSA-WPFA,which shall resolve the matter in coordination with the OSCA, PVAO, PVB,DSWD and DND and other concerned national and local agencies

    SECTION 45. Separability Clause

    Any rule or regulation inconsistent with the provisions of this IRR is hereby repealedor modified accordingly.

    SECTION 46. Effectivity

    This IRR shall take effect immediately upon publication in the newspaper of generalcirculation

    (Sgd.) _________________ (Sgd.) _________________

    Implementor Chairman/PresidentSA-WPFA Philippine Health Insurance Corp(Lead Agency Implementor) (Philhealth)

    Sgd. _________________ (Sgd.) ________________Commissioner AdministratorOSCA National Food Authority

    Page12-IRR/PENSION FUND/BACK-PAYS

  • 8/10/2019 Back Pay Pension Funds

    20/20

    G O D

    B L E S SU S

    A L L