Bill Type
Congress Name
Long Title
AN ACT GRANTING OLD-AGE PENSION FOR LIFE TO SENIOR CITIZENS WHO RETIRED UNDER REPUBLIC ACT 1616 AS WELL AS SURVIVORSHIP BENEFITS TO THEIR SURVIVORS
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00444 | |
| FULL TITLE : AN ACT GRANTING OLD-AGE PENSION FOR LIFE TO SENIOR CITIZENS WHO RETIRED UNDER REPUBLIC ACT 1616 AS WELL AS SURVIVORSHIP BENEFITS TO THEIR SURVIVORS | |
| ABSTRACT : The bill allows retirees who retired under RA 1616 and who is qualified to retire under RA 660 or PD 1146, to automatically convert his gratuity retirement to a pension system of his choice under existing laws and thereafter receive the old-age pension for life as well as survivorship benefits for survivors. In addition, the retiree shall not be required to reimburse the GSIS for the retirement gratuity previously received by him from his last employer. | |
| PRINCIPAL AUTHOR/S : DEL MAR, RAUL V. | |
| DATE FILED : 2007-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Almario (009 ) | 2. Roman (013 ) |
| 3. Lim (R.) (015 ) | 4. Zialcita (018 ) |
| 5. Bonoan-David (072 ) | 6. Mangudadatu (073 ) |
| 7. Villar (091 ) | 8. Villanueva (005 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Referred to Stakeholders on 2008-05-26 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2008-05-07 | |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO POPULATION AND FAMILY RELATIONS on 2007-07-30; |
Abstract
The bill allows retirees who retired under RA 1616 and who is qualified to retire under RA 660 or PD 1146, to automatically convert his gratuity retirement to a pension system of his choice under existing laws and thereafter receive the old-age pension for life as well as survivorship benefits for survivors. In addition, the retiree shall not be required to reimburse the GSIS for the retirement gratuity previously received by him from his last employer.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.