
NY OTDA LDSS-3668 2010-2025 free printable template
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The signing into law of Republic Act 96 79 on July 21, 2009, was a milestone for the whole development mutual fund or paging fund under the law the mandatory coverage the paging fund has been expanded under our a ninety-six seventy-nine the following are required to register with the Pawnee big fund all employees and employers compulsorily covered by the SSS and the ISIS who are earning at least 1,000 pesos a month all previously waived companies must now register their employees with but EX membership and paging is likewise mandatory to all uniformed members of the Armed Forces of the Philippines the Philippine National Police the Bureau of jail management and penology and the Bureau of Fire Protection if there is one group among the working class that deserves upmost support from the government it is the sector of Filipino overseas workers it is for this reason that membership in paging was made mandatory for all Offs to open the opportunity for them to provide homes for their families and save for their future under RA 9679 all Filipinos employed by foreign based employers are required to register with but II D these include Filipino contract workers with valid working visas or employment contracts and Filipino immigrants permanent residents and naturalized citizens in other countries as a pub epic member you enjoy the following benefits savings your total savings with Peggy big is portable which means that the savings remain in your name even if you change employers or become unemployed your savings are tax-free and government guaranteed as a member you contribute a percentage of your monthly salary depending on how much you earn every month the maximum monthly compensation or ceiling is pegged at 5,000 pesos a month most importantly your savings with paging will be returned to you once your membership matures or when you retire while the maximum monthly compensation is pegged at five thousand pesos you may contribute more than what is required should you so desire in fact Offs departing for abroad are encouraged to pay more than the minimum contribution of 100 pesos to save on higher admittance fees abroad when can you withdraw your savings with paging funds shall return your total savings upon occurrence of the following membership maturity after 20 years which starts from the first day of the month to which your initial plan a big contribution applies you should have made 240 monthly contributions upon your retirement at age 60 years for optional retirement or 65 years for mandatory retirement permanent total disability or insanity separation from service due to health reasons permanent departure from the country upon death of the member where legal heirs shall receive the members total savings plus a death benefit grant of six thousand pesos or the amount of your savings whichever is lower or other causes as may be approved by the Pacific Board of Trustees the total value but a big shall return to you shall be composed of your personal...
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