ECC Board increases private sector’s Carer’s Allowance
Employees’ Compensation Commission Executive Director Stella Zipagan-Banawis said that the ECC Board of Commissioner has recently approved the increase of the Carer’s Allowance for the private sector from its current amount of P575 to P1, 000 per month.
The benefit increase is a response to the need of continually enhancing benefits under the Employees’ Compensation Program (ECP) to make it more responsive to the welfare and development needs of Person’s with Work-Related Disability (PWRDs).
Banawis said that prior to the granting of increase, an actuarial study has been made by the Social Security System, the administering agency of the ECP for the private sector to determine the viability of the EC State Insurance Fund (SIF) to finance the increase.
The result of the study concluded that even after the granting of the increase in Carer’s Allowance, the private sector SIF will remain viable and will last beyond 2080. The said increase will not also require additional EC premium contribution from employers.
“Carer’s allowance is a supplemental benefit given to PWRD who already received EC Permanent Partial Disability or Permanent Total Disability benefits,” Banawis explained.
The said benefit was first granted to EC pensioners from the private sector in 1991 and was extended to EC pensioners from the public sector in 2013. Since 1991, the amount of EC Carer’s Allowance has been fixed at P575 per month.
A copy of the said resolution has been transmitted to the Office of the President for the approval of President Rodrigo Roa Duterte.