GSIS coverage for elected seniors
A proposal that would require Government Security and Insurance System (GSIS) to give life insurance and premiums to senior citizens, who are elected or appointed as public servants, has been proposed in the House of Representatives.
Surigao del Sur Rep. Philip Pichay filed House Bill No. 5327 to amend Republic Act No. 8291, which he said created the GSIS but failed to recognize the services of those who heed the call of public service despite their being beyond the mandatory retirement age of 60 years old under the law's implementing rules and regulations.
“The amount refunded would go a long way in helping them cope with the challenges of old age, without additional cost to the GSIS,” Pichay said.
“The alleviation of standard of living among government workers and the improvement of their benefits once they leave the service will also serve as a major factor in weeding out corruption in the government,” he added.
The bill provides that upon his separation from such office, the official shall be refunded all life insurance premiums remitted to the GSIS, with the applicable legal interest, including both his personal and the government shares.
At the time of his election to public office, the measure also cover any person who already reached the mandatory retirement age or persons appointed to a government position by the President of the Philippines who, at the time of his appointment already reached the mandatory retirement age.
Pichay said the bill intends to accord them with certain benefits by extending the mandatory life insurance under the GSIS and mandating refund of all life insurance premiums remitted to the GSIS with the applicable legal interest, including their personal share and the government counterpart.
By RIO ROSE RIBAYAManila Bulletin
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