Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
EIGHTEENTH CONGRESS 
Third Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR. 
AN ACT 
ESTABLISHING AN AGRICULTURAL PENSION FUND TO PROVIDE PENSION 
BENEFITS TO FARMERS AND FISHERFOLK 
In the decade starting from 2008, the agricultural sector has employed an average 11.4 
million Filipinos, accounting for a little less than one-third of total employment. However, 
agricultural workers especially farmers and fisherfolk, are among the poorest groups in 
our society, and are not covered by the pension programs of the government.  
This bill proposes the establishment an Agricultural Pension Fund that will provide them 
with pension benefits when they reach the age of retirement. It recognizes that universal 
access to comprehensive and adequate social protection systems is an important tool to 
prevent and reduce poverty and inequality. 
In view of the foregoing, early passage of this bill is sought. 
LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR. 
September 2, 2021
1:39 pm
10130


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
EIGHTEENTH CONGRESS 
Third Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR. 
AN ACT 
ESTABLISHING AN AGRICULTURAL PENSION FUND TO PROVIDE PENSION 
BENEFITS TO FARMERS AND FISHERFOLK 
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled: 
Section 1. This Act shall be known as the "Agricultural Pension Fund Act." 
Section 2. Declaration of Policy. – It is hereby declared a policy of the State to, from time 
to time, review to upgrade the pensions and other benefits due to retirees of both the 
government and private sectors. It acknowledges that farmers and fisherfolk are integral 
part to the country's development, and therefore shall accord due recognition to their 
great contribution by providing them with pension benefits to assist them with their basic 
needs when they reach the age of retirement. 
Section 3. Creation of the Agricultural Pension Fund. – The Agricultural Pension Fund 
(APF) is hereby established to provide pension benefits to agricultural workers, 
especially farmers and fisherfolk. 
Section 4. Implementing Agency. – The Philippine Crop Insurance Corporation (PCIC), 
an attached agency of the Department of Agriculture (DA), shall be the implementing 
agency of the provisions of this Act. In addition to its existing duties and responsibilities, it 
shall: 
(a) Create a pension plan for agricultural pensioners;
(b) Manage and invest the APF to ensure its sustainability;
(c) Determine the criteria for eligibility, in coordination with relevant government 
agencies;
(d) Perform other duties and functions towards the efficient and effective 
implementation of this Act.
10130


 
 
 
Section 5. Implementing Rules and Regulations (IRR). – Within ninety (90) days from the 
effectivity of this Act, the PCIC Board of Directors, in consultation with the Secretary of 
Agriculture and representatives of recognized farmers and fisherfolks group, shall 
promulgate the rules and regulations necessary for the effective implementation of this 
Act. 
 
Section 6. Appropriations. Such amount necessary to implement the provisions of this 
Act shall be included in the annual appropriations of the DA. 
 
Section 7. Separability Clause. – If any part or provision of this Act is held invalid or 
unconstitutional, the remaining parts or provisions not affected shall remain in full force 
and effect. 
 
Section 8. Repealing Clause. – All laws, decrees, orders, rules and regulations 
inconsistent with the provisions of this Act are hereby repealed or modified accordingly. 
 
Section 9. Effectivity. – This Act shall take effect fifteen (15) days after its publication in 
the Official Gazette or in any newspaper of general circulation. 
 
Approved,