Retirement benefits for barangay officials pushed

June 26, 201411:38 am666 views
Retirement benefits for barangay officials pushed
Retirement benefits for barangay officials pushed

MANILA – A measure that seeks to grant retirement benefits to barangay officials and workers is gaining traction in the Senate.

Senator Ferdinand “Bongbong” R. Marcos, Jr. said 10 senators have made themselves co-authors of Senate Bill No. 12 entitled “An Act Providing Barangay Officials, including Barangay Tanods, Members of the Lupon ng Tagapamayapa, Barangay Health Workers and Barangay Day Care Workers a Retirement Benefit.”

He said Senators Juan Ponce Enrile, Maria Lourdes “Nancy” Binay, Pia S. Cayetano, Joseph Victor G. Ejercito, Jinggoy Estrada, Manuel “Lito” M. Lapid, Aquilino ‘Koko” L. Pimentel III, Ramon “Bong” Revilla, Jr., Cynthia A. Villar, and Juan Edgardo “Sonny” M. Angara joined him as co-authors of the bill.

The bill provides a retirement pay of P100,000 for each barangay chairman, P80,000 for each member of Sangguniang Barangay, and P50,000 each for barangay treasurer and secretary, barangay tanod, member of the Lupon ng Tagapamayapa, and barangay health and day care worker.

Entitled to the benefit are barangay officials and workers who have reached the retiring age of 60 and with at least 9 years in service and “any such official or worker who dies or becomes permanently incapacitated while in the performance of duty…irrespective of age and the numbers of years in service.”

If enacted into law, some 95,616 barangay officials and workers can immediately avail of the retirement benefit since they are already qualified to such as of June 7, 2013, according to the National Barangay Operations Office of the Department of Interior and Local Government (DILG).

The government needs some P5.2 billion to pay for their retirement.

As a funding source for the monetary benefit, the bill provides that a Barangay Retirement Fund shall be created through annual investment equivalent to one percent (1%) of the share of the national government from the Internal Revenue Allotment collection. Such fund shall be administered by the DILG.



Read more HR NEWS in ASIA

(Visited 1 times, 1 visits today)