Recognizing the need to continually enhance benefits under the Employees’ Compensation Program (ECP) and make it more responsive to the welfare and development needs of persons with work-related disabilities (PWRDs), the Employees’ Compensation Commission (ECC) has approved an increase in the amount of Carer’s Allowance from P575 to P1,000 per month.
Carer’s Allowance is a supplemental pension provided to pensioners in the private and public sector who suffer from work-connected permanent partial and permanent total disabilities.
Department of Labor and Employment Secretary and ECC Chairperson Silvestre H. Bello III said that this initiative is in line with ECC’s mandate to upgrade benefits and add new ones, subject to the approval of the President of the Philippines. The increase in the Carer’s Allowance is the Commission’s way of ensuring that the package of benefits and services it provides will remain relevant and meaningful.
ECC Executive Director Stella Zipagan-Banawis said that the increase in EC Carer’s Allowance, which is provided for under ECC Board Resolution No. 18-02-03, was based on the actuarial study conducted by the Government Service Insurance System (GSIS), the administering agency of the ECP for the public sector. Based on the study, the State Insurance Fund at the GSIS will remain viable and will last beyond 2066 even after the proposed increase in the amount of the Carer’s Allowance.
Furthermore, he added that the said increase would not require additional EC premium contribution from employers.
A copy of the said board resolution has been transmitted to the Office of the President of the Republic of the Philippines for President Rodrigo Duterte’s approval and the subsequent issuance of the corresponding Executive Order.