Approving the Increase in the EC Funeral Benefit from Php20,000 to Php30,000 for the Private Sector

May 31, 2016ECC BOARD RESOLUTION NO. 16-05-18APPROVING THE INCREASE IN THE EC FUNERAL BENEFIT FROM PHP20,000 TO PHP30,000 FOR THE PRIVATE SECTORExcerpts from the Minutes of the Third (3rd) Regular Commission Meeting, Employees' Compensation Commission and Occupational Safety and Health Center, Series of 2016, Convened at ECC Multi-Purpose Hall, 4th Floor, ECC Bldg. 355 Sen. Gil J. Puyat Avenue, Makati City, Tuesday, 31 May 2016 at 10:00 A.M.WHEREAS, Article 177 (e) of P.D. No. 626, as amended partly reads: "Art. 177. (e) . . . the Commission may upgrade benefits and add new ones subject to approval of the President; and Provided, Further, That the actuarial stability of the State Insurance Fund shall be guaranteed; Provided, Finally, that such increases in benefits shall not require any increases in contribution . . ."WHEREAS, ECC Board Resolution No. 13-07-14 dated 02 July 2013 increased the EC funeral benefits for the private sector from ten thousand pesos (Php10,000.00) to twenty thousand pesos (Php20,000.00);WHEREAS, for the past five years (2010-2014), there were 2,967 EC funeral claims approved for the...