HOUSE OF REPRESENTATIVES

HOUSE OF REVRI 09 AUG 2015

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Republic of the si ROCEIVED

SEVENTEUN TH CONGRES

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First Regular Session

2788 REQISTR ATION UN
HOUSE BILL NO. #708] Bis axa nor x seeviol

XPLANATORY NOTE

Article XIV, Section | of the Cons. ution declares

"The State shall protect and promote the rights of all citizens to quality
education at all levels and shall take appropriate steps to make education
accessible to all”

‘© implement this Constitutional mandate, the State shall provide the mechanisms
to broaden opportunities for higher education in addition to what is already provided for in
RA 6014, “The Study Now Pay Later Law” and RA 6728, ‘The Government Assistance to
Students and Teachers in Private Education Act"

This bill seeks to insure the college education of the children of GSIS and SSS
members through the College Education Trust Fund created under this Act. This fund is
part of the premiums paid by a Member.

Coverage under this college education insurance plan is optional for all members
regardless of civil status, with or without a child. The benefits provided for under this Act
can only be availed of by members who have completed their policy prior to enrollment of
the child in college. The GSIS or SSS, as the case may be, will pay the college education
of the child no matter what the cost at the time of enrollment. It is in effect paying for the
child's education tomorrow at today's prices, The payment is made directly to the school,
thus, preventing the funds from being used for other purposes. Included in the benefits are
the payment for non-standard fees such as materials, books, supplies and even board and
lodging expenses that may be incurred in the pursuit of such education. The Bill likewise
provides for incentives to scholars and enrollees of Agriculture, Fishery, Forestry, Science
and Technology

For many Filipinos, college education remains an elusive dream. Thus, in order for
their dreams may come true and to strengthen education as a means for upward mobility,
passage of this bill is urged,

Representdtive
5" District, Pan!


Republic of the Philippines
HOUSE OF REPRESENTATIV!
Quezon City, Metro Manila

SEVENTEENTH CONGRESS

First Regular Session
HOUSE BILL NO. 2708
Introduced by HON, AMAMO.T. ESPIINO, JR.
E A c

AN ACT
rABLISHING A COLLEGE EDUCATION TRUST FOR
CHILDREN OF GSIS AND SSS MEMBERS

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

Section 1. Short Title, - This Act shall be known as the "College Education Trust
Fund Act",

Section 2. College Education Trust Fund, - There is hereby established in the
Government Service Insurance System and the Social Security System a special trust find
called the "College Education Trust Fund" to ensure the college education of the children
of the Members of both systems.

Section 3. Children Defined. ~ For purposes of this Act, the term "children" shall
include the legitimate: legitimated, legally adopted or illegitimate child or grandchild of
the Member

Section 4, Optional Coverage, - Subject to the rules and regulations prescribed by
the Government Service Insurance System (GSIS) or the Social Security System (SSS).
the case may be, all Members, regardless of civil status, with or without a child shall hi
the option to insure under this Act

as

Section $. Premium Payments. - The amount of premiums to be paid to the
College Education Trust Fund by the Member shall be, in accordance with the schedule of

payments to be provided by the System concerned taking into consideration the following
criteria:

a) ‘The interval of time between the effectivity of the coverage and the
estimated time of enrollment of the child in college;
b)_ The number of monthly contributions to be made to complete the policy;

©) The benefits to be availed of as provided in Section 5 of this Act,
d) The number of children insured under this Act;

©) ‘The amount of tuition and other standard fees charged by the school; and


0

Such other factors as may be determined by the System concerned.

Section 6. Educational Benefits. - Only Members who have completed the
payment of the premium on the policy before the enrollment of the child shall be entitled
to avail of the benefits provided for under this Act.

The benefits shall include the payment by the System concerned of

a) Such school fees as may be required for enrollment in and completion of
four or five year college course which shall include tuition fees for all subject officially
prescribed by the school and part of the regular curriculum as requisite for graduation and
such standard fees as may be defined; by the System concemed in coordination with the
Department of Education, Culture and Sports;

b) Materials, books, supplies and other similar fees required by the school;
and

c) The board and lodging expenses that may be incurred in the pursuit of such
education.

The member may opt to insure any of the above or combinations thereof
The payment shall be made by the System directly to the institution except for item

(b) which shall only be reimbursed to the member or child The System concerned shall
provide for safeguards (0 insure the prompt payment of these benefits.

Section 7. Incentives. —a) Should the child earn any scholarship in College as to
exempt the System from the payment of the benefits provided for in paragraph (a) of the
proceeding section, in whole or in part, such payments shall be received by the child in
lieu of the school.

b) The System concered shall provide for incentives to enrollees of the following
courses: Agriculture, Forestry, Fishery, Science and Technolo}

Section 8. Transferability of Benefits, - The benefits provided for this Act may be
transferred or assigned to another child of the same Member.

Section 9. Death or Disability of Member. - The death or disability of the member
shall not preclude the child from the availment of the benefits provided for in this Act.

Section 10. in case of insufficiency of provisions of this Act, the SSS or,
as the ease may be shall apply in a suppletory manner.

SIS law

Section 11. The GSIS or SSS, as the case may be, shall promulgate the necessary
rules and regulations for the effective implementation of this Act within ninety (90) days
following its approval

Section 12. Saving Clause, - It for any reasol3, any section or provision of this Act
shall be held to be unconstitutional or invalid, the other sections or provisions of this Act
shall not be affectd thereby


Section 13 Yause ~ This Act shall take effect fifteen (15) days after its
publication in the Official Gazette or in two (2) National Newspapers of general
application whichever comes earlier.

Approved,