Approving an Increase in the EC Funeral Benefit from Php10,000 to Php20,000 for the Private Sector

July 2, 2013ECC BOARD RESOLUTION NO. 13-07-14APPROVING AN INCREASE IN THE EC FUNERAL BENEFIT FROM PHP10,000 TO PHP20,000 FOR THE PRIVATE SECTORExcerpts from the Minutes of the Fourth (4th) Joint Regular Commission Meeting, Employees' Compensation Commission, Series of 2013, Convened at the Multi-Purpose Hall, 4th Floor, ECC Bldg., Sen. Gil Puyat Ave., Makati City, Tuesday, 02 July 2013 at 9:00 A.M.WHEREAS, Article 194 (d) of P.D. No. 626, as amended provides:"ART. 194. Death (a) . . .xxx xxx xxx"(e) Funeral Benefit. — A funeral benefit of Three thousand pesos (P3,000.00) shall be paid upon the death of a covered employee or permanently totally disabled pensioner." (As amended by Sec. 3. E.O. No. 179)WHEREAS, the present rate of EC funeral benefit for the private sector in the amount of Php10,000.00 was implemented in May 1993;WHEREAS, during the Commission Meeting on 10 May 2013, the SSS presented the result of its actuarial study on the possibility of increasing the amount of EC funeral benefits in the private sector;WHEREAS, based on the study, the average funeral service cost...