REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS (RFBT) CPALE Concept Notes
Eight point ten point one. Definitions
Eight point ten point three. Pension, Retirement, and Other Benefits
Eight point ten point six. Contributions from Self-Employed Member Eight point ten point seven. Remittance of Contributions
Eight point ten point nine. Employment Records and Reports Eight point ten point ten. Penal Clauses
Remittance of Contributions:
Three. OFWs Not More Than sixty years old (Sea and land-based)
Credited Years of Service (CYS)
Additional Benefit Allowance
Qualified Dependents as to Preference
Requisites for Monthly Pension Benefit
Death of a Retired or Disabled Member
Average Daily Salary Credit (ADSC): Sum of six highest monthly salary credits within twelve months prior the SOC one hundred eighty.
Conditions applicable to Hospital Confinement
Conditions applicable to Confinement Elsewhere
Rules as to Reimbursement to Employer
UNEMPLOYMENT INSURANCE (or Involuntary Separation Benefits) Fifty percent of AMSC, for a maximum period of two months.
Protection from Legal Process
Employment Records and Reports