Labor Relations
MODIFYING THE PRESCRIPTIVE PERIOD OF MONEY CLAIMS
This bill seeks to extend the prescriptive period for money claims arising from employer-employee relations to three years after the termination of the employment relationship, allowing employees more time to file claims for unpaid wages or other money claims.
SURVIVORSHIP BENEFITS
This bill aims to provide survivorship benefits to the surviving legitimate spouse and dependent children of deceased retired officials of the National Labor Relations Commission (NLRC). It ensures that these families receive the retirement benefits that the deceased would have received, addressing a gap in existing benefits for these public servants.
AMENDING BOOK IV OF PRESIDENTIAL DECREE NO. 442 (LABOR CODE OF THE PHILIPPINES)
This bill aims to amend the Labor Code of the Philippines by adding a new title on Family Welfare, which will require certain establishments to provide family welfare services to their employees.
PROFIT SHARING ACT
The Profit Sharing Act aims to promote profit-sharing arrangements between employers and employees by establishing a national framework and support mechanisms. It seeks to create a more equitable economic environment by allowing businesses to share a portion of their profits with employees, thereby enhancing productivity and reducing income inequality.