All-Filipino ride-hailing transport network company (TNC), Unified Transport Operations League (UTOL) recently went into partnership with the Social Security System (SSS) to enable UTOL to subsidize the SSS monthly premiums of its drivers/operators.
For this special subsidy, SSS designed a new program to accommodate the needs of the company that has no employer-employee set-up with its drivers/operators.
Unique arrangement
This unique arrangement with SSS makes UTOL the first Transport Network Company (TNC) to provide its drivers/operators with SSS benefits.
To qualify, drivers have to go online with the UTOL app and must be active for a specific number of hours daily. In addition, drivers/operators are required to meet minimum standards set up by UTOL for its drivers/operators. They should be well-disciplined, good-mannered and have no bad record with law enforcement agencies.
Welcome development
This is a welcome development since UTOL will take care of the drivers/operators’ monthly remittances and premium costs while they concentrate on their work and earn more.
UTOL’s move to provide SSS subsidy is an invaluable benefit for their drivers /operators. More importantly, when they reach their retirement age, they will have SSS pension and other benefits to look forward to.