New PDIC labor deal boosts employee welfare, unity

The Philippine Deposit Insurance Corporation has formalized a new Collective Negotiation Agreement with the PDIC Employees Organization, reinforcing a four-year commitment to employee welfare and institutional collaboration.

Registered with the Civil Service Commission, the agreement took effect on July 8 and will remain in force until July 7, 2029.

The CNA, which covers all rank-and-file employees, introduces a broad set of benefits such as flexible work arrangements, health and wellness programs, legal assistance, and access to training and scholarship opportunities.

Employees will also gain representation in key internal committees and access to clear grievance mechanisms.

“This agreement is more than just a legal document—it’s a roadmap for our shared future,” PDIC President and CEO Roberto B. Tan said.

“Collaboration is always possible when we listen to one another, respect each other’s perspectives, and focus on shared goals,” he added.

The deal was forged through what PDIC described as constructive and values-driven negotiations with PHILDICEO, emphasizing principles of teamwork, integrity, professionalism, and excellence.

In a joint move toward operational sustainability, the agreement also includes provisions for employee participation in initiatives on cost-cutting, systems improvement, and institutional efficiency.

PHILDICEO representatives were not immediately available for comment at the time of publication.

PDIC, a government-owned and controlled corporation under the Department of Finance, serves as the statutory deposit insurer in the country.

Its mandate includes protecting depositors by providing deposit insurance of up to PHP 500,000 per depositor, per bank.

The latest CNA reflects broader trends in the public sector that prioritize workplace modernization and employee engagement as essential to institutional performance.