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.
Filipino boxing hero Manny Pacquiao is confident he can beat American arch-rival Floyd Mayweather in Las Vegas on Saturday with the power of God, after abandoning a life he said was packed with sin condemning him to hell. Pacquiao is in top form both in mind and spirit after he traded his boozing, gambling and womanising ways for a devout life of prayer, his spiritual adviser, Jeric Soriano, told AFP in a recent Manila interview. Except the world got to him," Soriano said of Pacquiao's …