New Compensation Act promulgated, increases disability payouts
Starting from early next year, the new Compensation Act will take effect, with the aim of benefiting both employees and employers.
For example, employees’ compensation rates will go up from 60 to 70 per cent of their current salary. If they become disabled because of their jobs, they would be compensated at an amount equivalent to at least 70 per cent of their monthly salary multiplied by at least 15 years. The current law allowed the compensation rate to be multiplied by up to 15 years only in the event of disability.
The Nation Reporter
