AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE 1694

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:

1. 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.”

2. 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.”

3. 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.”

4. 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.
5. 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