Daily Star logoBusiness
Bacolod City, PhilippinesWednesday, April 18, 2012
Front Page
Negros Oriental
Star Business
Opinion
Sports
Police Beat
Star Life
People & Events
Eguide
Events
Schedules
Obituaries
Congratulations
Classified Ads
 
Solon files bill mandating release
of retirement benefits in 30 days

MANILA – Retiring officials and employees from the private and government sectors should get their retirement benefits within 30 days from retirement based on House Bill No. 621 proposed by Aurora Rep. Juan Edgardo Angara.

Angara expressed concern over the countless experiences of retirees who had to shed sweat, tears and wait for years before enjoying the fruits of their hard work.

HB 621, now under consideration by the House committee on government enterprises and privatization, mandates that the payment of retirement benefits to SSS and GSIS members should be given within a maximum period of 30 days from the date of his or her retirement.

Angara said the prospect of retiring should be the most satisfying moment for every hardworking employee because he looks forward to spending as leisurely as possible the remaining days of his life.

In reality, he noted, many persons who have reached the retirement age find the prospect of retiring a discouraging experience because of the mere thought that they will not be getting salaries anymore.

"This is because of the experiences of many who encounter difficulty in finally getting their application approved either by the GSIS or SSS after," he pointed out.

Angara lamented that in some cases, delays happen just because of simple clerical errors, not by the employees, but by the employers or offices concerned.

"Such a clerical error could be ascertained by the [Social Security System] or the GSIS personnel if only they were mindful of the desired needs of the retiring members to get immediately their retirement benefits and pensions," he said.

We have heard the complaints of numerous retiring members from the Government Service Insurance System and the SSS who appealed for assistance from our office to intervene for them so that their retirement benefits and pensions could be paid to them as early as possible, Angara added.*PNA

 

back to top

Business
Button Dacongcogon sugar farmers still waiting for P-Noy's help
Button Solon files bill mandating release of retirement benefits in 30 days
Button Peso ends at 42.66 against US dollar

Button Stocks register fresh new high