Wednesday, December 21, 2011

Organizations Regarding Employee Retirement Plans

by Dan B. Codamon

The Provincial Tripartite Industrial Peace Council of Ifugao (TRIPC) with the assistance of the Department of Labor and Employment (DOLE) recently conducted an orientation meeting to the Board of Directors (BODs) and Board of Trustees (BOTs) of its member organizations regarding employee retirement plans.

The BOD and BOT participants came from the different sectors representing cooperatives, transport group, retail services, hotel and restaurant, and the academe.

They were oriented about the several retirement plans and schemes that organizations can adopt for the benefit of their employees including the BODs and BOTs as provided in the implementing rules and regulations of the Labor Code of the Philippines.

TRIPC Chairman Hubert Immoliap said that the retirement plan of employees is very important because it gives a sense of assurance and security to the employees that can motivate them for greater productivity and efficiency.

The activity is part of the action plan formulated by the officers and members of TRIPC during their organizational meeting held last 21 June at the DOLE Office.

Meanwhile. DOLE Ifugao Field Officer Alexander Gumabol explained that the TRIPC can serve as a consultative mechanism to generate the views of the sectors regarding policy issuances, venue for implementing government thrust of maintaining industrial peace and advocating for shared responsibility among social partners.

He said that the group had already conducted a series of activities during the previous months after its organization such as orientation on the labor relations, human relations, productivity, seminar on the Code of Ethics of Cooperatives, performance evaluation and monitoring of staff and officers of the cooperatives.

They were also given lectures on the guidelines on the imposition of double indemnity for no compliance with the prescribed increases or adjustments in wage rates, guidelines for the implementation of a drug free workplace policies and Labor Standard Enforcement framework.

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