RepublicofthePhilippines
HOUSE 0F REPRESENTATIVES
Quezon City, Metro Manila
NINETEENTH CONGRESS
First Regular Session
HOuieiri`iNO.   5118
Introduced by Representative Gabriel H. Bordado, Jr.
EXPIANATORY NOTE
ln  the  goal  of  prioritizing  quality  education  in  the  country,   it  is  equally  as
important   to   provide   our   teachers   and   educators   with   enough   benefits   and
compensations. Giving teachers competitive salaries is just one way of ensuring that
the teaching profession is attractive to the many brilliant minds that wish to go into it.
Other means of financial stability should also be made available to them.
However, most teachers might not be in the position to avail of other means of
financial  security  such  as  mutual  funds  and  investments.  Therefore,  it  is  also  the
State's responsibility to ensure that such avenues to financial security are available to
them.
This Act, which  had  been  previously filed  by Rep.  Salvador Belaro in the  17th
Congress, seeks to establish a mutual fund for teachers so as to ensure the financial
security of our educators.
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Republic of the Philippines
HousE oF RErmlrsENTATlvEs
Quezon City, Metro Manila
NIN'ErEENTH cONGREss
First Regular Session
Hous`e-rfu No.  51 18
Introduced by Rcpresemtative Gahriel H. Bordado, Jr.
AN ACT ESTABLISHING AN EDUCATION MUTUAL FUND
B.e  it _enacted  by  the  Senate  and the  House  Of  Representative  of the
Philippines in Congress assembled:
SECTION 1. Short Title. This Act shall be known as the "Education Mutual  Fund Act
Of 2022"
SEC.  2.  Declaration of State Policy. - a.) The State recognizes the indispensable
role of teachers in educating our citizenry.  It is thus but fitting that the State ensure
that the teaching  profession  attract the  best and the  brightest  by  making  teachers'
compensation and benefits reasonably competitive.
b.)  ln  this  regard,  it  is  essential  that  the  financial  security  of  the  teaching
profession be secured by contemporary and available means such as facilitating their
investment in mutual funds, an investment security type that enables investors to pcol
their money into one professionally managed investment.
SECE   3.  a.)   Upon   approval  of  this  Act,   the   Department  of  Education   (DepEd),
Commission on Higher Education (CHED) and Technical Skills Development Authority
(TESDA) shall create an Education Mutual Fund Committee that shall study, formulate
and issue guidelines for the orientation of teachers on the importance of mutual funds
and thereafter, the creation of a mutual fund for educators,  including the selection of
the appropriate government banking institution that will manage said fund.
SEC.  4.  The  Department  of  Education,  Commission  on  Higher  Education  and  the
Technical Education and Skills Development Authority shall include in its program the
provision  of free education  seminars to teachers that  include  an  orientation  on  the
ramifications of investment such as mutual funds.
SEC. 5. The funds necessary to carry out the provision of this Act shall be included in
the  General  Appropriation  Act  of  the  year  following  its  enactment  into  law  and
thereafter.


SEC. 6. All  laws,  order,  issuance rules and  regulations or parts thereof inconsistent
with any pro,visions Of this Act are hereby repealed, modified or amended accordingly.
SEC. 7.  This Act shall take effect after fifteen (15) days from complete publication in
the Official Gazette or in a newspaper of general circulation.
Approved,