MANILA, Philippines - The administering agencies of the Employees' Compensation Program (ECP), the Government Service Insurance System (GSIS) for the public sector and the Social Security System (SSS) for the private, have awarded a total of P574.77 million in benefits payments covering 140,911 claims filed by workers from January to June 2011.
The amount comes from the State Insurance Fund (SIF) which holds the contributions paid by government agencies and private employers. The fund finances the program's benefit payments for sickness, disability, medical and rehabilitation services.
In the first semester of 2011, the total contributions remitted to the GSIS by government agencies amounted to P1.19 billion, while private employers remitted P687.98 million to the SSS.
As of last June, the SIF was reported to be at P9.57 billion at the GSIS and P27 billion at the SSS.
By Elaine Lies TOKYO (Reuters) - Asian nations must ensure that territorial disputes do not erupt into conflict, leaders said on Friday, with Japan and the Philippines reaffirming their commitment to freedom of flight as concerns grow over China's new air defence zone. Beijing's growing military strength has sparked concern in Asia and tension has spiked in the last month after China announced the air defence zone including islands in the East China Sea also claimed by Japan. The air defence …