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OWWA to implement ‘money back’ plan for OFWs

The Overseas Workers Welfare Administration (OWWA) will be hiring an expert to determine how it could effectively implement a provision of the law requiring a rebate on the membership payments made by overseas Filipino Workers.

“Ito po ay isasagawa for the first time,” OWWA Administrator Hans Leo Cacdac told leaders of the Filipino community during a meeting in Abu Dhabi on March 1.

“Kailangan lang namin maghire ng dalubhasa para mag-compute yung benepisyo na kakayanin ng pondo. So yun po ang maisasagawa natin sa first half of the year,” he added.
Republic Act 10801, “OWWA Act” provides for a rebate, or an amount that cab be given back to OFWs who have been OWWA members for the past 10 years and who haven’t, through those years, received any services or benefits from the agency. The law includes the OFWs’ relatives.
“Bago po maitalaga ang ‘Rebate System,’ kailangan po ng actuarial study, o pagsusuri ng isang dalubhasa sa pagtukoy ng halaga ng benepisyo na sang-ayon sa kakayanan ng pondo (ng OWWA),” Cacdac also said in his Facebook page.
“Sa unang anim na buwan po ng 2017, magkakaroon po tayo ng actuarial study at pagsumite nito sa OWWA Board of Trustees, para po maitalaga ang ‘Rebate System,’” he added.

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