REPUBLIC OF THE PHILIPPINES
HOUSE OF REPRESENTATIVES
Quezon City

EIGHTEENTH CONGRESS
First Regular Session

House Bill No._4780

Introduced by Pangasinan Fifth District Representative
HON. RAMON V. GUICO II

EXPLANATORY NOTE

Retirement benefits and pension stand as, in the absence of employment and the income
derived from it, the primary source of subsistence for retirees. It is therefore critical that the
approval and initial release of such entitlements are executed in a swift and efficient manner, lest
we condemn our retirees to a life of dependence or perdition.

Both the Social Security System (SSS) and the Government Service Insurance System
(GSIS) should be demanded to fully exercise due diligence in the performance of their mandate.
Our retirees, after having served this country and its people, should not have to deal with
unnecessary delays to enjoy the hard-earned fruits of their contributions. Granted, that the SSS and
GSIS are not always at fault for the delays in the release of such entitlements, this does not excuse
them from the many cases wherein due to their own misgivings, even some as minute as a clerical
error, our retirees needlessly suffer.

It is therefore the desire of this representation to encourage the optimization of the
retirement benefits and pension processes of the SSS and GSIS by imposing a strict 30-day
maximum period for the release of the same. Retiring SSS and GSIS members shall also be duly
prompted and assisted by these offices 6 months prior to their retirement for the completion of
whatever requirements are needed for the immediate release of their retirement benefits and
pension.

Believing that we all deserve a peaceful and comfortable retirement, approval of this bill is
earnestly sought.

a
Rep. Ranjon V. Gyico II


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REPUBLIC OF THE PHILIPPINES
HOUSE OF REPRESENTATIVES
Quezon City

SEVENTEENTH CONGRESS
Third Regular Session

House Bil 4780

Introduced by Pangasinan Fifth District Representative
HON. RAMON V. GUICO III

AN ACT
MANDATING THE PAYMENT OF RETIREMENT BENEFITS TO SSS OR GSIS MEMBERS
WITHIN A MAXIMUM PERIOD OF THIRTY (30) DAYS FROM THE RETIREMENT DATE
AND FOR OTHER PURPOSES

Be it enacted by the Senate and House of Representatives of the Philippines in Congress
assembled,

SECTION 1. Short Title-—This Act shall be known as the “Express Retirement Benefits
Payment Act.”

SEC. 2. Payment of Retirement Benefits.—Any law to the contrary notwithstanding, the
payment of retirement benefits and pensions to all members of the Social Security System (SSS) and
the Government Service Insurance System (GSIS) shall be made within a maximum period of thirty
(30) days from the retirement date.

SEC. 3. Requirements.—The requirements for retirement in the SSS and GSIS shall be in
simple forms and the retiring member shall be provided with the prompt assistance from said offices in
the accomplishment of whatever requirements shall be needed as early as six (6) months prior to his
retirement date.

SEC. 4. Penalties.—The penalty of one (1) year imprisonment and a fine of Ten Thousand
Pesos (P10,000.00) shall be imposed upon any person who shall violate any of the provisions of this
Act.

SEC. 5. Implementing Rules and Regulations.—The respective boards of the SSS and the
GSIS shall promulgate such rules and regulations as may be necessary for the effective implementation
of this Act.

SEC. 6. Repealing Clause.—All laws, executive orders, executive issuances, or letters of
instructions, or any part thereof, inconsistent with or contrary to the provisions of this Act, are hereby
repealed, amended, or modified accordingly.

SEC. 7. Separability Clause.—If for any reason, any section or provision of this Act shall be
declared unconstitutional or invalid, the other parts thereof not affected shall remain valid.


1 SEC. 8. Effectivity—This Act shall take effect fifteen (15) days after its publication in at least
2 two (2) newspapers of general circulation.

Approved,