Teodoro Vow Spending More For OFW"s
By juandelacruz_qatar •
Poll bets vow spending more for OFWs
by Ruben Jeffrey Asuncion
OFW Journalism Consortium
IF elected, presidential candidates Gilberto Teodoro Jr., would throw cash and strike deals with labor receiving countries in relation to overseas employment of Filipinos.
Former Defense Secretary Teodoro, however, failed to say where they would get the money for the deals given the yawning budget deficit.
Teodoro identified sources of cash for his proposed $30 billion provident fund for overseas Filipino workers: “link up” the private pension fund manager Social Security System with the Government Service Insurance System.
He said the money will be managed by professional finance managers, but didn’t identify these managers.
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