Employment Incentives for Poor Students

Employers pay 60% of the student's salary/wage in cash, at least minimum wage.
The Government covers the remaining 40% through education vouchers.
Vouchers are payable to educational institutions for tuition fees and books.
Government to pay the institution within 30 days of voucher presentation.
Vouchers are non-transferable, except in cases of death or justified cessation of duties.
Transfers allowed to siblings or heirs if applicable, or back to the payee.

Secretaries of Labor and Employment, Education, Culture and Sports, and Finance to issue implementing rules and regulations.
Secretary of Labor and Employment designated as the Project Director of the program.

Any fraudulent or fictitious claims under the Act punishable by:
- Imprisonment: 6 months to 1 year.
- Fine: Not less than P10,000.
Additional prosecution for other offenses under the Revised Penal Code or related laws is possible.
Criminal liability extends to managing partners, general managers, or CEOs in partnerships or corporations.

The necessary funds to implement the Act to be allocated in the General Appropriations Act of 1992 and subsequent years.

The Act becomes effective after publication in the Official Gazette or two national newspapers.