GOVERNMENT MANDATED CONTRIBUTIONS

Mandatory Employee Benefits and Contributions in the Philippines Employee Benefits, Coverage, and Contributions.

 

The Philippine Social Security System, strengthened by the provisions of the Republic Act No. 8282 or the Social Security Law, is the country’s social insurance program and consists of the following bodies:

Social Security System (SSS)

 

The SSS was created to provide private employees and their families protection against disability, sickness, old age, and death. The Government Service Insurance System (GSIS) is the equivalent system for Philippine government employees.

Philippine Health Insurance Corporation (PhilHealth)

 

PhilHealth is administered by the Philippine Health Insurance Corporation and provides employees with a practical means of paying for adequate medical care in the Philippines.

Home Development Mutual Fund (HDMF)

 

The HDMF, also known as the Pag-IBIG Fund, is a provident savings system supplying housing loans to private and Philippine government employees, and to self-employed persons who elect to join the Fund.

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