AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE 1694

• Number: Presidential Decree No. 1809
• Sections: 4

Preamble

WHEREAS, Presidential Decree No. 1694 was

promulgated on 1 May 1980 creating the "Welfare Fund For Overseas

Workers";

WHEREAS, certain provisions of said Decree must be

amended to carry out the objectives and purposes for which the Welfund

was created;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of

the Republic of the Philippines, by virtue of the powers vested in me

by the Constitution, do hereby decree the following:

Section 2 of P.D. 1694 is hereby amended to read as follows: "Section 2. Fund Source.

Section 2 of P.D. 1694 is hereby amended to read as follows:

"Section 2. Fund Source.— All contributions to the

Welfare and Training Fund collected pursuant to Letter of Instructions

No. 537 issued on May 1,1977 shall be transferred to the Welfund and

deposited for the account of the Welfund in a government depository

bank. Fees and other charges to be imposed, subject to the approval of

the Minister of Labor and Employment, by the Overseas Employment

Development Board, the Bureau of Employment Services, and the National

Seamen Board shall accrue to the Welfund."

Section 3

Section 3 of the same Decree is hereby amended to read as

follows:

"Section 3. Administration. —The Welfund shall be

administered by a Board of Trustees through a Secretariat. The Board of

Trustees shall consist of the Minister of Labor and Employment as

Chairman, the Minister of Finance, the Minister of Budget, one Deputy

Minister of Labor and Employment, the Executive Director of the Overseas

Employment Development Board, the Executive Director of the National

Seamen Board, the Director of the Bureau of Employment Services, the

Administrator of the Welfund as Vice-Chairman, and one representative

each from the management and labor sectors.

"The Administrator and the representatives of the management and

labor sectors shall be appointed by the President, upon recommendation

of the Minister of Labor and Employment.

"The Administrator, who shall be the chief executive officer of the

Welfund, shall have the qualifications, rank and compensation of a

Bureau Director. He shall be assisted by a Deputy Administrator with the

rank and compensation of a deputy director and who shall be appointed

by the Board of Trustees upon the recommendation of the Chairman.

"The Welfund secretariat shall be attached to the Office of the

Minister of Labor and Employment, whose personnel shall be appointed by

the Chairman, upon recommendation of the Administrator. The compensation

of the personnel and the operating expenses of the secretariat shall be

charged to the Welfund."

Section 5

Sec. 5 is also hereby amended to read as

follows:

"Section 5. Fund Management.—Transactions in the Welfund

shall be subject to such rules and regulations as may be formulated by

its Board of Trustees. The Board of Trustees shall fix the yearly

appropriation of the Secretariat."

Repealing Clause.—All provisions of Presidential

Decree 1694 and Letter of Instructions 537 not otherwise repealed or

amended in this Decree shall remain in full force.

Effectivity.— This Decree shall take effect

immediately.

Done in the City of Manila, this 16th day of January, in the year of

Our Lord nineteen hundred and eighty-one.

(Sgd.) FERDINAND E. MARCOS

President of the Philippines

By the President:

(Sgd.) JOAQUIN T. VENUS, JR.

Deputy Presidential Executive Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981