Over half of the recipients of the P1.22 billion worth of Employees’ Compensation (EC) benefits released by state insurers during the first half of the year were for death and pension claims, according to the Employees’ Compensation Commission (ECC).
Over half of the recipients of the P1.22 billion worth of Employees’ Compensation benefits released by state insurers during the first half of the year were for death and pension claims, according to the Employees’ Compensation Commission .
Despite such disbursement, the State Insurance Fund , which is used for the EC benefits, remains sustainable, according to ECC. Last February, ECC said it was able to extend over P473 million worth of benefits to Covid-affected workers since the onset of the pandemic in 2020.ECC said it plans to further improve its services to its clients in the coming years, including the use of electronic accounts for disbursing cash assistance aside from using regular checks.
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