The Overseas Workers Welfare Administration (OWWA) is planning to set up a pension fund for Overseas Filipino Workers (OFWs) once they decided to stop working overseas and stay in the country instead.
The OWWA Administrator Marianito Roque said that their agency is studying if they can possibly offer a pension fund for OFWs who will soon retire after several years of working overseas.
“I don’t want to go into details yet. We’re studying it and we will submit our report before the yearend,” the administrator said.
He also added that some OFWs requested if they can create a retirement fund for them as they see themselves jobless once they choose not to work overseas anymore. Since the monthly pension from the Social Security Service (SSS) won’t be enough to finance them once they retire.
For complete details of the article please click this link:
http://www.ofwguide.com/article_item.php?articleid=772
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