Approving the Retroactive Payment of Suspended EC Death Benefits in the Public Sector from April 2006 to July 2012

April 11, 2018ECC BOARD RESOLUTION NO. 18-04-15APPROVING THE RETROACTIVE PAYMENT OF SUSPENDED EC DEATH BENEFITS IN THE PUBLIC SECTOR FROM APRIL 2006 TO JULY 2012Excerpts from the Minutes of the Second (2nd) Regular Commission Meeting, Employees' Compensation Commission and Occupational Safety and Health Center, Series of 2018, Large Training Room A, 2nd Floor, Occupational Safety and Health Center, North Ave., cor. Agham Rd., Quezon City, Wednesday, 11 April 2018 at 12:00 N.N.WHEREAS, on July 27, 2012, this Commission approved the issuance of Board Resolution (BR) No. 12-07-16 on "Policy on Lifting the Suspension of EC Death Benefits in the Public Sector beyond the Five-Year Guaranteed Period" with a prospective application effective August 2012 and with instruction to the GSIS to conduct another actuarial study on the possible payment of the suspended EC death benefits between April 2006, the year of suspension and July 2012; WHEREAS, the GSIS has conducted an actuarial study on the possible retroactive payment of suspended EC death benefits for the specific period of April 2006 to July 2012 amounting to about...