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Repubhc f>f the phiippines              '' :`
HOUSE 0F REPRESENTATIVES
Quezon Cit}t
NINETEENTH CONGRESS
Efst Regular Session
HoUSEBII.LNo.5038
;_',
ffiECEIVED
BATE
2   1  2022    ffi
"grNINE....9Ifdy,
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Introduced by Hon. lose Manu€l F. Alba
Repf}rts have shown chat pot)I money management skius result in pcrol. flnanciai decisions,
desperation, ancl anxiety, leading to more debt and creaing more stress-induced decision-making.
In  the workplace,  it  ma}T  lead  to poor empl{)}tec p€rformancc,  increased  absenteeism,  fmancial
dissatisfaction, which may lead to corruption, and even trigger work and home related violcnc€.
Being  financiaHy educated,  f>n  the  other hand, mat,. impttjvc rates of sa`riligs, l{t\ver levels
of debt, increase rates of asset accumuladon, and decrease the aniount ot-sti.ess.
`Specifically,  financial education ifl the workplace may result jn better employee satisfaction,
higher confidcncc in redring, increase in cmploycc supp{]rt, and less stress in the workplace.
It i§ thus imperative for civil servants to acquire personal financial management skills that
whl lead  to  a more  c{}mf{}rtable life,  financial  sccuriry,  and  economic  stabmty.  Not onl}' does it
benL>fif state workers and €mplny€es, but jt will also improve and enhance the level and quality of
public scrvic€.
Accordingly, the Civil Service  Commission  and relevant agencies  should be mandated to
provide a financial hteracy program for aH governmem employees.
Immediate passagc- of this bj]I js camestly- sought.


Rcpubfic of the Phinppines
HOUSE OF REPRESENTATIVES
Quczon City
NINETEENTH CONGRESS
First Regular Session
HOLTsli BILL No.  5 0 3 8
nm_>+`.,.`,"_~,I.in,t~~~h„ed,mh_~,_,--trvvy~.,.I.~...`-w`wh/n-Im-n..-~w.rum,>,`m\+~.ap`iqu-o`rmw`r-Vm-.--`.-I.`-m`.qwh~~tlrirm-h~._^~.~m„m~,~~L"tyL+.--li`r,~|fro~rmngvy~o~~.r.~~£.m~.
Introduced by Hun. lose Manual F. Alba
AN ACT MANDATING THE CIVIL SERVICE COMMISSION iEND
OTHER RELEVANT AGENCIES TO PROVIDE A PERSONAI. FINANCE
EDUCATION PROGRAM FOR AIL STATE WORRERS, AMENDING THE
ADMINlsTRATrvE CoDE, As AMEr`unED
Bf il efitlcfed ky tb€ S€ttcl!e and ike Ho#Se Of RxpRE8ilktliv€S Of tbe Pbilifrpiriel iM C:onlg]r€SS aslembkd.
SECTION 1. £rfeo#f T£.£fe. ~ This Act shall be inown as [h€  "j'grjio#4/ Ff.;f##fg Ec7#4#/r.oi7
f or all .I fate W;orkerr' .
Sec. 2.  A provision under Book V, Tide  1, Subtitle A, Section 34 of the Adrfunistfative
Code of the Phi]ippincs, as amended, is hereby pf(yvided to rc,nd as fo]1ows:
"`SEC.  34. R2Sottlibility for Traifiing  - The Commi;SJ.iori lbdll be respotts;bl€ .for
fbe   coordinedon   and  integredott   Of  a  cotiliriuing  Progrun  Of  PersonM,el  det!elapmtfit for  ail
{go]jerfifnenf  Personnel  in   lbe  firlf   arid  I econd   lBtJels.   Central  ltclff  ay€fljcies   attd  xpeciali#ed
-inititwfes  Sbtlll  condltct  condriHirig [8ntrd:liRTed  traiyling for  lta.ff  lfi8cildl.lids  fom  the  cliff;erent
ageif{jel.  Howeyler,  itt  {bose  caJes  rybel.e  there  is  Ittfficieflt  rmmlber  Of fJuti{.Ptlrltr  fo  lprarrdylt
iriiiriitt.£  at  depfl,rtmenf  or  agef}{`y   or  ]ocdl  gay)unmeiit  letie!S,   IH€b   c8iitrt}l   ltt[ff`  tl;`g!encie`I   ari{]
`{jjec.iali~*ed iristifwtel  I hall render  tl]e riecel§ay  al]isfance,  and coyiStllfatllji€  Ier[]iceS.
To   ovoid   duplicc[fion   Of  e!ffort   and  oilerlapp.ing  o`f  tf.alining fuftctionS,  the,  fo[low'ing
f imct.lorlal] reSOHlibiklies are tlssigried:
:k.-\*~
(I) THE coMMlssloN IN cooRDINAmoN wlTH THE BANKo
SENIRAL  NG  PIIfpINAS, AND THE NA:TI0NAI. ECONOMIC
AND   DEVElnpMENT   AUTHORITy   SHALL   CREA::ITS  Ar\iD
CONDUCT   PERIONAL   FINANCE   EDUCA:TION   I.ROGRAMS
FOR    AIL    GOVERN:MENT    EMPIDYEES    WHICII    vilEL
INCIJHDE=
a.  BEHAVIORAL FINANCE;
b.  SAVINGS,   EMERGENCY   AND   RESILIENCE   FUND
DEVELOPMENT;


c.  DEBT MANAGERENT;
d.  INVESTMENT,    INsuRANCE,    Alun    RETIREMENT
P-ING;
e.  gR¥]ins;AppLlcaBLE      pERsONAI      FINAINCE
\&*+«
Sec.  3.  R£P#dr3.#g  CJ¢fg.  ~  AH  laws,  pri'sidentlal  decrees  or ]ssuances,  executive
t!rders,let±crsofinstrucuon,adrfuristradveord€rs,rulesorregulationinconsistentwith
thepfovlsionsofdrisActareherebyfepealedormodifiedaccordingly.
Sec.4.fcj)#tt¢G€.fry.qz7as&--Shouldan}TpattofthisActbcdedaredunconstitutional,
chevaldjtyofremanngprovisionhereofshal}remaininfuuandeffect.
Speuc±t35c=riE#=f#"T€h¥hasp=:=±L~S^,A_=_3.Pqu  take  C{tcct  fifteen  (15)  detys  tram  its
publicationinanewspaperofgencralcirculation.
Apf,rowed