AROUND 31,000 pandemic-stricken Employees’s Compensation (EC) pensioners will be getting a one-time P20,000 financial assistance.
This after President Durterte signed Administrative Order (AO) No. 39 on Monday providing the said aid to address the “undue financial hardships” of the pensioners during the Covid-19 pandemic.
“The adverse effects of the pandemic of the economy, supplementary health necessities for the battle against the virus, and restrictions imposed on our mobility and social interaction, have increased the financial and health burdens experienced by the EC pensioners,” Duterte said in his two-page issuance.
It will cover pensioners of permanent partial disability, permanent total disability, and survivorship in both private and public sectors.
The President made the decision upon the recommendation of the Employees Compensation Commission (ECC) through a board resolution.
The amount of the aid was determined after an actuarial study was conducted by the Social Security System (SSS) and the Government Service Insurance System (GSIS) of their Social Insurance Fund (SIF).
Duterte instructed ECC, SSS, and GSIS to release the necessary budget for the assistance.
He also ECC tasked to come out with the implementing rules and regulations (IRR) of AO 39.
The new issuance will take effect once it is published in the Official Gazette or in a newspaper of general circulation.
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