FOURTEENTH CONGRESS OF THE 
) 
REPUBLIC OF THE PHILIPPINES 
) 
First Regular Session 
SENATE 
S.B. NO. 720 
Introduced by Senator Ramon Bong Revilla, Jr. 
EXPLANATORY NOTE 
This bill seeks to amend certain sections of the Government Service Insurance 
Act of 1997. The primordial intent of which is to permit the facilitation of retirement of 
government employees aRer having rendered twenty (20) years of government service, 
regardless of the age requirement under the existing Act. 
The present age requirement of sixty-five (65) years for a government employee 
to he qualified for retirement is no longer suited to the present labor and economic 
demographics of our country. A quick glance at statistical data points to; the decrease in 
life expectancy rate; the steady rise of unemployment rate; and rapid population growth. 
All of these factors should be taken into consideration and modifications should be made 
to ensure top efficiency in government offices. 
Waiving the age requirement for retiring government employees would be a 
positive step towards balancing the scales towards productivity. These hardworking and 
loyal government employees are at present pressed to continue working past their prime 
in order to comply with the age requirement prescribed in the present GSIS Act. This not 
only bogs down the overall performance of an office, but also prevents the recruitment of 
other potential employees until the prospective retirees have completed their age 
requisite. 
We owe it to these loyal government employees who have served our country to 
pass this piece of legislation 
The approval of this measure is earnestly sought 


FOURTEENTH CONGRESS OF THE 
) 
REPUBLIC OF THE PHILIPPINES 
) 
First Regular Session 
) 
7 JU -3 All 3 4  
S.B. No. 720 
I 
Introduced by Senator Ramon Bong Revilla, Jr. 
AN ACT 
PROvlDING 
FOR 
THE 
WAIVER 
OF 
TEE 
RETIREMENT 
AGE 
REQUIREMENT OF GOVERNMENT EMPLOYEES WHO HAVE RENDERED 
AT LEAST TWENTY YEARS OF GOVERNMENT SERVICE, FURTHER 
AMENDING FOR THE PURPOSE, PRESIDENTIAL DECREE NO. 1146 AS 
AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT 
SERVICE INSURANCE SYSTEM ACT OF 1997 
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled: 
SECTION 1. Section 13-A of Presidential Decree No. 1146 as amended otherwise 
known as the Revised Government Service Insurance System Act of 1997 is hereby 
amended to read as follows: 
“SEC. 13. Retirement Benefits 
(a) Retirement Benefit shall be: 
(1) the lump sum payment as defined in this Act payable at the time of 
retirement plus an old age pension benefit equal to the basic 
monthly pension payable monthly for life, starting upon expiration 
of the five-year (5) guaranteed period covered by the lump sum; or 
(2) cash payment equivalent to eighteen (18) months of his basic 
monthly pension plus monthhlg pension for life payable 
immediately with no five-year (5) guarantee 
(b) Unless the service is extended by appropriate authorities, 
retirement shall be compulsory for an employee at least sixty-five 
(65) years of age with at least fifteen (15) years of service: 
Provided, That if he has less than fifteen (15) years of service, he 
may be allowed to continue in the service in accordance with 
existing civil service rules and regulations. 
SEC. 13-A. Conditions for EntitZentent - A member who retires 
from the service shall be entitled to the retirement benefits 
enumerated in paragraph (a) of Sections 13 hereof Provided, That: 
(1) he has rendered at least fifteen (15) years of service; 
(2) he is at least sixty (60) years of age at the time of 
(3) he is not receiving a monthly pension benefit from 
retirement; and 
permanent total disability. 


PROVIDED FURTHER, THAT IF HE HAS RENDERED 
AT LEAST TWENTY (20) YEARS OF SERVICE, THE 
RETIREMENT AGE REQUIREMENT OF' THIS ACT SHALL 
BE WAIVED 
SECTION 2. All laws, decrees, executive orders and rules and regulations which 
are inconsistent with this Act are hereby amended, repealed or modified accordingly. 
SECTION 3. This Act shall take effect upon its approval 
Approved,