HB01864: AN ACT ENHANCING THE GUIDELINES OF TRANSFERRING AN ACCOUNT FROM ONE SOCIAL SECURITY INSURANCE SYSTEM TO ANOTHER AMENDING FOR THE PURPOSE REPUBLIC ACT 7699 OTHERWISE KNOWN AS THE PORTABILITY LAW
This bill recognizes the contributions of Filipino workers and seeks to ensure that their rights are protected and their benefits are maximized under the Social Security Insurance Systems. It proposes enhancing the guidelines for transferring an account from one social security system to another, addressing issues arising from the transfer process, and ensuring that workers' creditable services and contributions are properly credited and totalized.
Clarifying and resolving issues arising from transferring accounts between social security systems under the Portability Law will ensure workers' rights are protected. It will also ensure their contributions are maximized when transferring between systems. This will provide greater flexibility and security for workers who transition between public and private sector employment.