A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 1809
PRESIDENTIAL DECREE NO. 1809
- AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE 1694, CREATING THE
"WELFARE FUND FOR OVERSEAS WORKERS"
|
chanroblesvirtualawlibrary
WHEREAS,
Presidential Decree No. 1694 was promulgated on 1 May 1980 creating the
"Welfare Fund for Overseas Workers";chanroblesvirtualawlibrary
WHEREAS, certain provisions of said Decree must be amended to carry out
the objectives and purposes for which the Welfund was created;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree the following: chanroblesvirtualawlibrary
1. Section 2 of P.D. 1694 is hereby amended to read
as follows:cralaw:red
"Sec. 2. Fund Source. — All contributions to the
Welfare and Training Fund collected pursuant to Letter of Instructions
No. 537 issued on May 1, 1977 shall be transferred to the Welfund and
deposited for the account of the Welfund in a government depository
bank. Fees and other charges to be imposed, subject to the approval of
the Minister of Labor and Employment, by the Overseas Employment
Development Board, the Bureau of Employment Services, and the National
Seamen Board shall accrue to the Welfund."
2. Section 3 of the same Decree is hereby amended to
read as follows:cralaw:red
"Sec. 3. Administration. — The Welfund shall be
administered by a Board of Trustees through a Secretariat. The Board of
Trustees shall consist of the Minister of Labor and Employment as
Chairman, the Minister of Finance, the Minister of Budget, one Deputy
Minister of Labor and Employment, the Executive Director of the
Overseas Employment Development Board, the Executive Director of the
National Seamen Board, the Director of the Bureau of Employment
Services, the Administrator of the Welfund as Vice-Chairman, and one
representative each from the management and labor sectors.
"The Administrator and the representatives of the management and labor
sectors shall be appointed by the President, upon recommendation of the
Minister of Labor and Employment.
"The Administrator, who shall be the chief executive officer of the
Welfund, shall have the qualifications, rank and compensation of a
Bureau Director. He shall be assisted by a Deputy Administrator with
the rank and compensation of a deputy director and who shall be
appointed by the Board of Trustees upon the recommendation of the
Chairman. chanroblesvirtualawlibrary
"The Welfund secretariat shall be attached to the Office of the
Minister of Labor and Employment, whose personnel shall be appointed by
the Chairman, upon recommendation of the Administrator. The
compensation of the personnel and the operating expenses of the
secretariat shall be charged to the Welfund."
3. Sec. 5 is also hereby amended to read as follows:cralaw:red
"Sec. 5. Fund Management. — Transactions in the
Welfund shall be subject to such rules and regulations as may be
formulated by its Board of Trustees. The Board of Trustees shall fix
the yearly appropriation of the Secretariat."
4. Repealing Clause. — All provisions of Presidential
Decree 1694 and Letter of Instructions 537 not otherwise repealed or
amended in this Decree shall remain in full force.
5. Effectivity. — This Decree shall take effect
immediately.
Done in the City of Manila,
this 16th day of January, in the year of Our Lord, nineteen
hundred and eighty-one.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|