POEA MEMORANDUM CIRCULAR NO. 05

: The adjustment took effect on March 20, 1994.
: The employer shall pay the beneficiaries the Philippine Currency equivalent of US$ 50,000 plus an additional US$ 7,000 for each child under 21 years old, up to four children.
: The compensation payable shall be doubled, and the employer must undertake appropriate war zone insurance coverage.
: The maximum compensation is the Philippine Currency equivalent to US$ 2,000.
: It shall be determined by mutual agreement of both parties but shall not exceed the Philippine Currency equivalent of US$ 2,000.
: Disability allowances are based on a grading system from 1 to 14, with each grade corresponding to a percentage of the maximum rate of US$ 50,000, paid in Philippine Currency equivalent at the prevailing exchange rate.
: The maximum disability allowance rate is US$ 50,000.
: Yes, but only if the cause of action occurs after the compensation and benefits take effect.
: Yes, the parties to the employment contract may freely and voluntarily improve the minimum compensation and benefits, provided these improvements are in writing and appended to the contract when submitted for approval.
: The adjustment is pursuant to the POEA Governing Board Resolution No. 01, Series of 1994, and the recommendation of the Tripartite Technical Working Group.