Increasing the Amount of EC Monthly Pension of Primary Beneficiaries of Deceased Permanent Total Disability Pensioners in the Private Sector

October 25, 2017ECC BOARD RESOLUTION NO. 17-10-40INCREASING THE AMOUNT OF EMPLOYEES' COMPENSATION (EC) MONTHLY PENSION OF PRIMARY BENEFICIARIES OF DECEASED PERMANENT TOTAL DISABILITY (PTD) PENSIONERS IN THE PRIVATE SECTORExcerpts from the Minutes of the Fifth (5th) Regular Commission Meeting, Employees' Compensation Commission and Occupational Safety and Health Center, Series of 2017, Large Training Room A, 2nd Floor, Occupational Safety and Health Center, North Ave., cor. Agham Rd., Quezon City, Wednesday, 25 October 2017 at 2:00 P.M.WHEREAS, Art. 183 (formerly 177), paragraph (e) of P.D. No. 626, as amended, partly reads: "Art. 183 (formerly 177) (e) . . . the Commission may upgrade benefits and add new ones subject to the approval of the President; and Provided, Further, That the actuarial stability of the State Insurance Fund (SIF) shall be guaranteed; Provided, Finally, that such increases in benefits shall not require any increase in contribution . . ."WHEREAS, P.D. No. 626, as amended, provides that upon the death of the permanent total disability pensioner, his primary beneficiaries as of the date of disability shall be entitled...