Philippines and Thailand Do Have Policies in Place – My Workers Compensation Error
A Workers Compensation error was made by me on one of my old posts. I had to correct the error once I realized that many Asia countries had Workers Compensation coverage. Even the countries that are referred to as “Third World” have some type of coverage.
The article that I wrote on the lack of WC coverages for Philippine and Thai injured workers in 2017 needs to be corrected.
The Philippines and Thailand both have a monopolistic fund administered by their governments. The funding in Philippines Pesos is as follows:
RULE V – EMPLOYER’S CONTRIBUTION
SECTION 1. Rate and amount. – Subject to the following conditions, contributions under this Rules shall be paid in their entirety by the employer and any contract or device for the deduction of any portion thereof from the wages or salary of the employees shall be null and void:
(1) For a covered employee in the public sector, his employer shall remit to the GSIS a monthly contribution equivalent to one percent of the actual wages or salary received by him as of the last day of the month but not to exceed P30 per employee. (ECC Resolution No. 1451 dated December 27, 1979).
(2) For a covered employee in the private sector, his employer shall remit to the SSS a monthly contribution equivalent to one percent of his monthly salary credit as of the last day of the month.
SS is the Philippine Social Security system. All of their Workers Compensation claim rules are very similar to the US.
The one noticeable difference is the low amount of Workers Compensation rates available to employers. One percent is strikingly low except for Administrative Assistants. I think I know why the rates are so low. The medical benefits are full single payer.
The Philippines has PhilHealth. PhilHealth is the 24-hour health coverage (think socialized medicine) in the Philippines. From what I have read, the 24- hour coverage also encompasses Workers Compensation medical treatment.
Thailand’s workers compensation is very similar.
So there you have it, a workers compensation error corrected. I do not go back and correct the posts very often.
©J&L Risk Management Inc Copyright Notice