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Social insurance is mostly financed by direct deductions from individual wages. The contributions are based on an individual's income. They are carried "on a parity basis," half by employers and half by employees. The only exception is health insurance, where income-independent head premiums are paid.
An employer is required to provide each of his employees a rest period of not less than twenty-four consecutive hours after every six consecutive normal work days, as stated in Article 91 of the Philippine Labor Code. The employer shall determine and schedule the weekly rest day of his employees.
He also supervised the decentralization process of SSS operations, which speeded up processing of loans and benefits, and increased registration of wage earners and employers especially in rural areas. The decentralization move had also allowed members to remit payments through authorized banks.
Because log(x) is the sum of the terms of the form log(1 + 2 −k) corresponding to those k for which the factor 1 + 2 −k was included in the product P, log(x) may be computed by simple addition, using a table of log(1 + 2 −k) for all k. Any base may be used for the logarithm table.
The SSS islands (Dutch: SSS-eilanden), locally also known as the Windward Islands (Bovenwindse Eilanden or Bovenwinden), is a collective term for the three territories of the Dutch Caribbean (formerly the Netherlands Antilles) that are located within the Leeward Islands group of the Lesser Antilles in the Caribbean Sea.
The JBD SSS was built by Pad & Co Company LTD to the tune of Rs 80 million. The full-fledged building was handed over to the Ministry of Education and Human Resources by the Ministry of Infrastructure on 13 November 2003.
The entire 12% contribution of the employee goes towards the Employees’ Provident Fund Scheme (EPF), while from the employer's share of 12%, 3.67% goes to the Employees’ Provident Fund and 8.33% goes towards the Employees’ Pension Scheme (EPS) along with 1% contribution of the government while 0.5% contribution of the employer goes to the ...
These enjoy economies of scale from pooling the contributions of small employer units together for administration and investment. This type of scheme is especially suitable for small and medium-sized enterprises. employer sponsored scheme – membership open to the employees of a single employer, thus is only practical for large corporations.