Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE WAIVER OF THE RETIREMENT AGE REQUIREMENT OF GOVERNMENT EMPLOYEE, WHO HAS RENDERED AT LEAST TWENTY (20)YEARS OF SERVICE, FURTHER AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1146, AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00047 | |
| FULL TITLE : AN ACT PROVIDING FOR THE WAIVER OF THE RETIREMENT AGE REQUIREMENT OF GOVERNMENT EMPLOYEE, WHO HAS RENDERED AT LEAST TWENTY (20)YEARS OF SERVICE, FURTHER AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1146, AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977 | |
| ABSTRACT : To enable to government to get rid of employees who no longer have the drive to perform efficiently as they are merely waiting for the right age to retire and to maintain fresh legs and minds in the service, this bill proposes to allow government employees to retire after serving the government for a period of twenty (20) years. This will open windows of opportunities for retirees to venture into other fields using the amounts received from their retirement benefits while still in their productive years. | |
| PRINCIPAL AUTHOR/S : MACIAS, EMILIO II. C. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (004 ) | 2. Amin (006 ) |
| 3. Badelles (008 ) | 4. Jaraula (016 ) |
| 5. Nantes (063 ) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2005-04-20 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON CIVIL SERVICE AND PROFESSIONAL REGULATION ON 2004-07-27 |
Abstract
To enable to government to get rid of employees who no longer have the drive to perform efficiently as they are merely waiting for the right age to retire and to maintain fresh legs and minds in the service, this bill proposes to allow government employees to retire after serving the government for a period of twenty (20) years. This will open windows of opportunities for retirees to venture into other fields using the amounts received from their retirement benefits while still in their productive years.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.