Policy on Lifting the Suspension of Payment of EC Death Benefits in the Public Sector Beyond the Five-Year Guaranteed Period

July 27, 2012ECC BOARD RESOLUTION NO. 12-07-16POLICY ON LIFTING THE SUSPENSION OF PAYMENT OF EC DEATH BENEFITS IN THE PUBLIC SECTOR BEYOND THE FIVE-YEAR GUARANTEED PERIODExcerpts from the Minutes of the Fifth (5th) Regular Commission Meeting, Employees' Compensation Commission, Series of 2012, Convened at the Board Room, 5th Floor, ECC Bldg., Sen. Gil Puyat Ave., Makati City Friday, July 27 2012 at 9:00 A.M.WHEREAS, on July 30, 2006, the GSIS, through then President and General Manager (PGM) Winston F. Garcia, wrote a letter to this Commission requesting for an amendment to Section 2 (b), Rule XIII of the Amended Rules on Employees' Compensation (AREC) which provides; aSIDCT"Sec. 2. Period of Entitlement. —A. For primary beneficiaries:(a) . . .(b) The monthly income benefit shall be guaranteed for five years which in no case shall be less than fifteen thousand pesos (Php15,000.00). Thereafter, the beneficiaries shall be paid the monthly income benefit for as long as they are entitled thereto."WHEREAS, in his letter, then PGM Garcia states that:". . . the amended rules and regulations in the...