Presidential Decrees1 min read
Section 19December 14, 1980, Sec./Art. 19
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Existing Provident/Housing Plans. An employer and/or employee-group who, at the time this Decree becomes effective have their own provident and/or employee- housing plans, may register with the Fund, for any of the following purposes:
(a) For annual certification of waiver or suspension from coverage or participation in the Fund, which shall be granted on the basis of verification that the waiver or suspension does not contravene any effective collective bargaining agreement and that the features of the plan or plans are superior to the Fund or continue to be so; or
(b) For integration with the Fund, either fully or partially.
The establishment of a separate provident and/or housing plan after the effectivity of this Decree shall not be a ground for waiver of coverage in the Fund; nor shall such coverage bar any employer and/or employee-group from establishing separate provident and/or housing plans.
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