Legislative History
| House Bill/Resolution NO. House Bill No. 2859, 12th Congress of the Republic | |
| FULL TITLE : AN ACT GRANTING ADDITIONAL RETIREMENT BENEFITS TO MEMBERS OF THE JUDICIARY, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 910, AS AMENDED, AND FOR OTHER PURPOSES | |
| ABSTRACT : Rationale: The existing retirement laws covering the Justices of the Supreme court, the Court of Appeals and other members of the Judiciary are indecently LOW and UNRESPONSIVE to the rapidly changing economic conditions. The proposed bill seeks to upgrade these retirement benefits and redefine the retirement condition on the length of service to the government. In the computation of benefits under the existing law, the basis in all cases is the salary of the Justices plus the highest monthly aggregate of transportation, living and representation allowances which he was receiving at the time of his retirement (compulsory or optional), resignation or death. | |
| PRINCIPAL AUTHOR/S : LIBANAN, MARCELINO C. | |
| DATE FILED : 2001-09-04 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Monfort (031 ) | 2. Espina (035 ) |
| 3. Espino (035 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON JUSTICE ON 2001-09-25 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
Rationale: The existing retirement laws covering the Justices of the Supreme court, the Court of Appeals and other members of the Judiciary are indecently LOW and UNRESPONSIVE to the rapidly changing economic conditions. The proposed bill seeks to upgrade these retirement benefits and redefine the retirement condition on the length of service to the government. In the computation of benefits under the existing law, the basis in all cases is the salary of the Justices plus the highest monthly aggregate of transportation, living and representation allowances which he was receiving at the time of his retirement (compulsory or optional), resignation or death.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.