Wage split and education voucher
- Section 2 provides that 60% of the salary or wage shall be paid by the employer in cash.
- Section 2 provides that 40% of the salary or wage shall be paid by the Government in the form of an education voucher.
- Section 2 limits voucher use to payment for tuition fees and books in any educational institution for secondary, tertiary, vocational, or technological education.
- Section 2 requires the Government to pay the voucher amount to the concerned educational institution within 30 days from presentation to the officer or agency designated by the Secretary of Finance.
- Section 2 applies the voucher to the payment obligations of the student (payee) for tuition and books only, through educational institutions covered by the Act.
Voucher transfer and death or stopping
- Section 2 states that the voucher is not transferable.
- Section 2 allows transfer if the payee dies.
- Section 2 allows transfer when, for a justifiable cause, the payee stops in his duties, and then the voucher can be transferred to the payee’s brothers or sisters.
- Section 2 provides that if there are no brothers or sisters, the voucher amount shall be paid to the heirs or to the payee himself, as the case may be.
Rulemaking and program direction
- Section 3 requires the Secretary of Labor and Employment, the Secretary of Education, Culture and Sports, and the Secretary of Finance to issue rules and regulations to carry out the purposes of the Act.
- Section 3 assigns the Secretary of Labor and Employment as the Project Director of the program.
Fraudulent or fictitious claims: penalties
- Section 4 penalizes any person or entity that makes a fraudulent or fictitious claim under the Act, regardless of whether payment has been made.
- Section 4 imposes imprisonment of not less than 6 months and not more than 1 year.
- Section 4 imposes a fine of not less than PHP 10,000.
- Section 4 preserves prosecution and punishment for other offenses punishable under the Revised Penal Code or any other penal statute.
- Section 4 provides that for partnerships or corporations, the managing partner, general manager, or chief executive officer is criminally liable.
Funding and effectivity
- Section 5 authorizes the appropriation of the amount necessary to carry out the Act in the General Appropriations Act for 1992 and subsequent annual general appropriations acts.
- Section 6 provides that the Act takes effect after publication in the Official Gazette or in at least 2 national newspapers of general circulation.