Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTIONS 9 AND 41 OF RA 8291, OTHERWISE KNOWN AS THE "GOVERNMENT SERVICE INSURANCE ACT OF 1997" BY DEFINING "BASIC MONTHLY PENSION" AND INCREASING THE MEMBERSHIP OF THE BOARD OF TRUSTEES OF THE GSIS
Date filed
July 1, 2019
Scope
Legislative History
| House Bill/Resolution NO. HB00082 | |
| FULL TITLE : AN ACT AMENDING SECTIONS 9 AND 41 OF RA 8291, OTHERWISE KNOWN AS THE "GOVERNMENT SERVICE INSURANCE ACT OF 1997" BY DEFINING "BASIC MONTHLY PENSION" AND INCREASING THE MEMBERSHIP OF THE BOARD OF TRUSTEES OF THE GSIS | |
| SHORT TITLE : Amending Sections 9 And 41 Of Ra 8291, Otherwise Known As The "government Service Insurance Act Of 1997" By Defining "basic Monthly Pension" And Increasing The Membership Of The Board Of Trustees Of The Gsis | |
| ABSTRACT : Amends Republic Act No. 8291 with regard to the retirement packages for retirees, simplifying the computation of the same and by using the latest monthly salary of the retiring employee as basis for the computation of the pension and not the Basic Monthly Pension (BMP) derived from the Average Monthly Salary (AMC) of the retiring employee and by including a representative from the Civil Service Commission in the membership of the Government Service Insurance Board pursuant to its mandate to administer the retirement program for government officials and employees. | |
| PRINCIPAL AUTHOR/S : GARBIN, ALFREDO JR. A. | |
| DATE FILED : 2019-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Salceda (000 2019-08-13) | 2. Peña (000 2020-02-17) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2019-07-23 |
Abstract
Amends Republic Act No. 8291 with regard to the retirement packages for retirees, simplifying the computation of the same and by using the latest monthly salary of the retiring employee as basis for the computation of the pension and not the Basic Monthly Pension (BMP) derived from the Average Monthly Salary (AMC) of the retiring employee and by including a representative from the Civil Service Commission in the membership of the Government Service Insurance Board pursuant to its mandate to administer the retirement program for government officials and employees.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.