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DoF eyes hike in GOCC dividend rates - BusinessWorld
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EC pensioners to get P252 M from GSIS
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Published April 20, 2021, 2:51 PM
President Duterte has demonstrated that he indeed has a “soft spot” for the poor.
Department of Labor and Employment (DOLE) Secretary Silvestre Bello III had this today Tuesday, April 20 after learning of the P600-million financial assistance intended for Employees Compensation Commission (ECC) pensioners.
(ALI VICOY / MANILA BULLETIN)
“This is great news for all EC pensioners who are further thrown into deep financial hardships made worse by the COVID (coronavirus disease) pandemic. This attests to the President’s soft spot for the poor and the vulnerable,” Bello said.
On Monday, the Chief Executive signed Administrative Order No. 39 directing the grant of a one-time financial assistance of P20,000 to all employees compensation pensioners upon the recommendation of the ECC.
News By LLANESCA T. PANTI, GMA News
Published April 19, 2021 6:06pm President Rodrigo Duterte has ordered the granting of one-time P20,000 financial aid to employees compensation (EC) pensioners of Government Service Insurance System (GSIS) and Social Security System (SSS) who have partial or permanent disability, as well as to survivorship pensioners. Under Administrative Order (AO) 39 issued by the President on Monday, April 19, the move will benefit around 31,000 EC pensioners of SSS and GSIS. Survivorship EC pensioners, on the other hand, refers to surviving spouse or minor child or children of EC pensioners. Likewise, AO 39 stated that SSS and GSIS’ actuarial studies for granting the said benefit showed that Social Insurance Fund (SIF) can finance the one-time grant without affecting its stability and without requiring additional contributions.
BusinessWorld
January 8, 2021 | 7:36 pm
The Employees Compensation Commission (ECC) will resume giving cash aid to employees who got the coronavirus after suspending the program in September over budget constraints.
“We are ready to open again for cash assistance,” ECC Executive Director Stella Z. Banawis told an online news briefing on Friday.
Ms. Banawis said the ECC expanded its cash assistance to cover COVID-related sickness, but had not anticipated the number of applicants that will avail the program.
She said only the cash aid for COVID-19 was suspended, while sickness, medical and funeral benefits and death pension had not been affected.
This comes after reports from labor group Federation of Free Workers that the ECC had denied applications of its members who got infected with the coronavirus.
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