The House of Representatives has begun deliberations on proposals to establish a separate pension system tailored specifically for overseas Filipino workers (OFWs).
Headed by Kabayan party-list Rep. Ron Salo, the House committee on overseas workers affairs has started hearings on four bills advocating for this distinct pension system for migrant workers. One of the key measures is House Bill 8574, which is sponsored by Salo himself.
Rep. Salo emphasized the importance of such a system, noting its alignment with the government’s objectives and House Speaker Martin Romualdez’s appreciation of OFWs’ significant contributions to the country. “This initiative aims to address the essential social protection that our modern-day heroes deserve,” said Salo.
The new pension program intends to offer a comprehensive solution for the social security and welfare of OFWs.
A critical issue highlighted during the hearings was the disparity in active contributions to the pension scheme. The Social Security System (SSS) revealed that, out of 1.3 million OFW members, merely 540,000 are currently contributing, even though coverage is mandatory.
Rep. Salo voiced concerns about this gap and stressed the need for immediate action. He said, “We are keen to understand the challenges SSS faces in ensuring mandatory coverage. Our goal is to address these issues in the upcoming legislation.”
Furthermore, Salo mentioned that there’s a strong demand from OFWs for a pension system that caters explicitly to their unique needs and recognizes their invaluable contributions to the nation’s prosperity.
Additionally, the committee will consider the Department of Foreign Affairs’ suggestion regarding the “portability and exportability of social security rights.” Salo reassured that the proposed system will enable OFWs to retain their social security rights, even if they relocate or work abroad.
Concluding his remarks, Salo said, “We aim to develop a system that is not only accessible but also sustainable, with well-managed risks.”
