On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452
Letter of Implementation No. 154 establishes a P50 million rice loan program for sugar workers in the Philippines, covering both registered and certain unregistered workers. Authorized applicants include employers and labor unions representing sugar workers. The program provides loans at a 5% interest rate, allowing for up to three sacks of rice per worker, disbursed monthly. The application process involves submitting a master list of beneficiaries, and the repayment will be deducted from workers' wages. Monthly monitoring reports will be submitted to ensure proper implementation and coordination among relevant agencies.
Quick Answers
- What is On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452 about?
- Letter of Implementation No. 154 establishes a P50 million rice loan program for sugar workers in the Philippines, covering both registered and certain unregistered workers. Authorized applicants include employers and labor unions representing sugar workers. The program provides loans at a 5% interest rate, allowing for up to three sacks of rice per worker, disbursed monthly. The application process involves submitting a master list of beneficiaries, and the repayment will be deducted from workers' wages. Monthly monitoring reports will be submitted to ensure proper implementation and coordination among relevant agencies.
- What type of law is Letter of Implementation No. 154?
- On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452 (Letter of Implementation No. 154) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452 enacted?
- On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452 (Letter of Implementation No. 154) was enacted on May 22, 1985.
- What is the citation for On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452?
- On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452, Letter of Implementation No. 154, May 22, 1985 (Philippines)
Law Information
- Reference Number
- Letter of Implementation No. 154
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Implementation
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 22, 1985
LETTER OF IMPLEMENTATION NO. 154
ON THE P50 MILLION RICE LOAN PROGRAM FOR THE SUGAR WORKERS PURSUANT TO LOI 1452
I. COVERAGE
This Program shall cover:
(a) Sugar workers in the mills and plantations who are duly registered with the SOCIAL SECURITY SYSTEM: and cdll
(b) Sugar workers who, by reason of the itinerant and ambulant nature of their employment, which is peculiar to the sugar industry, may not yet be duly registered with the SSS, provided that their names appear in the Special Payrolls for the Crop Year 1983-84, as beneficiaries of the Social Amelioration Program, provided for under PD 621, as amended.
However, all sugar workers who have applied for emergency loans under LOI 1403 and LOImp. 150 shall no longer be considered entitled to the rice loan pursuant to LOI 1452.
II. WHO MAY APPLY
The following are hereby considered authorized applicants under this Program:
(a) Employers, such as Sugar Planters, Sugar Planters Associations or Cooperative, Sugar Millers, Sugar Millers' Associations or Cooperative for and on behalf of their own workers, or the workers of their own members;
(b) Duly registered Labor Unions, Cooperative or Associations of Sugar Workers for and on behalf of the workers they represent.
III. INTEREST RATE
The rice loan granted under these implementing guidelines shall bear a simple interest of FIVE PERCENT (5%) a year. No service fee shall be charged.
IV. PROCEDURE
In the application for rice loan, the following procedure shall be followed:
(a) Applications in three (3) copies shall be filed at the Regional office of the Ministry of Labor and Employment (MOLE).
(b) The application shall be accompanied by the following requirements:
(i) Master list of workers, whether registered with the SSS or not, who need the rice loan and for whom the application is made. For those workers registered with SSS, the list should include their SSS I.D. numbers.
(ii) Group check-off, authorization based on the workers' wages and cost of living allowances to be signed by the covered workers.
(iii) Undertaking of guarantee for the loan by the applicant.
(c) The MOLE Regional Office shall issue a certification that the names of the workers in the Master List appear as beneficiaries of the Social Amelioration Program under PD 621 as amended, for the Crop Year 1983-84.
(d) The MOLE Regional Office shall forward the application to the Provincial or Regional Office of the SSS for evaluation and approval.
(e) The applicant may apply for a loan equivalent to not more than three (3) sacks of rice of fifty (50) kilos per sack per sugar worker who is head of the family to be released at the rate of one (1) sack of rice a month.
(f) Upon approval of the rice loan by the SSS, shall immediately issue to the applicant an Authorization to Withdraw the indicated quantity and amount of rice involved from the National Food Authority (NFA).
(g) Upon receipt of the Authorization to Withdraw from the SSS, the NFA shall deliver to the applicant or his authorized representative, the quantity of rice as the authorization duly indicates.
(h) The NFA shall bill the SSS immediately upon delivery of the stocks to the applicants. The SSS shall pay the NFA the corresponding amount of stock delivered within a reasonable period of time.
V. REPAYMENT SCHEME
The applicant shall remit payment to the SSS Main office or to any authorized collecting bank of the SSS on the basis of the amount received, as a result of the check-off from the workers wages and allowances.
VI. MONITORING
The Provincial Task Force shall submit a monthly report on the implementation of this program to the Chairman of the National Task Force of which copies are to be furnished the Employers' Compensation Commission (ECC), the SSS, the NFA and the Bureau of Rural Workers (RRW), MOLE.
VII. OTHER IMPLEMENTING GUIDELINES
Further implementing guidelines whenever necessary and appropriate shall be issued by the ECC in consultation with the SSS and other implementing agencies. LexLib
Cite This Law
On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452, Letter of Implementation No. 154, May 22, 1985 (Philippines)
On the P50 Million Rice Loan Program for the Sugar Workers Pursuant to LOI 1452, Letter of Implementation No. 154 (Phil. 1985)
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