Thursday, July 16, 2015

Contractual (Endo) Workers: Individual Retirement Account

Since 1978, in the United States they have a defined contribution plan that allows employees to make pre-tax contribution to an Individual Retire Account or commonly called 401k.

Contractual workers would greatly benefit from a similar arrangement.  This would be in addition to the SSS benefits of the contractual employee. An IRA or an Individual Provident Fund can partially supplement the lack of benefits inherent to labor contracting.

See also: http://newsinfo.inquirer.net/598582/worker-hired-fired-every-5-months

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