MALACAÑANG
M a n i l aPRESIDENTIAL DECREE No. 608 December 18, 1974
SUSPENDING THE EFFECTIVITY OF TITLES II AND III, BOOK IV OF THE LABOR CODE OF THE PHILIPPINES ON "EMPLOYEES COMPENSATION AND STATE INSURANCE FUND" AND "MEDICARE"
WHEREAS, the Social Security System and the Government Service Insurance System, in close coordination with the Department of Labor, are still conducting actuarial and financial studies for the integration of benefits presently administered by the Bureau of Workmen's Compensation, the Social Security System, and Government Service Insurance System and the Philippine Medical Care Commission;
WHEREAS, integration of benefits will not only maximize economy and efficiency of administration and eliminate duplication and overlapping of benefits, but also result in the extension of a wider range of social security benefits;
WHEREAS, it is necessary to establish a sound foundation for the State Insurance Fund to be governed by the Employment Compensation Commission created in the Labor Code, which shall be regarded as a joint and unified resource of both the SSS and the GSIS subject...
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Presidential Decrees
Suspending The Effectivity Of Titles II And III, Book Iv Of The Labor Code Of The Philippines On "Employees Compensation And State Insurance Fund" And "Medicare"
Presidential Decree No. 608
Summary of Presidential Decree No. 608
Suspension of Effectivity of Titles II and III, Book IV of the Labor Code
- Suspends the effectivity of Titles II and III, Book IV of the Labor Code on "Employees Compensation and State Insurance Fund" and "Medicare" from November 1, 1974 to January 1, 1975.
Reasons for Suspension:
- To enable the Department of Labor, Social Security System (SSS), Government Service Insurance System (GSIS), and Philippine Medical Care Commission to conduct actuarial and financial studies for the integration of benefits they currently administer.
- Integration of benefits will maximize economy and efficiency of administration, eliminate duplication and overlapping of benefits, and result in the extension of a wider range of social security benefits.
- To establish a sound foundation for the State Insurance Fund to be governed by the Employment Compensation Commission created in the Labor Code, which shall be regarded as a joint and unified resource of both the SSS and the GSIS subject to policies promulgated by the said umbrella Commission.
Purpose of Integration:
- To maximize economy and efficiency of administration.
- To eliminate duplication and overlapping of benefits.
- To extend a wider range of social security benefits.
Entities Involved:
- Department of Labor
- Social Security System (SSS)
- Government Service Insurance System (GSIS)
- Philippine Medical Care Commission
- Employment Compensation Commission (to be established)
Legal Basis:
- The powers vested in the President by the Constitution.
Suspension of Effectivity of Titles II and III, Book IV of the Labor Code
- Suspends the effectivity of Titles II and III, Book IV of the Labor Code on "Employees Compensation and State Insurance Fund" and "Medicare" from November 1, 1974 to January 1, 1975.
Reasons for Suspension:
- To enable the Department of Labor, Social Security System (SSS), Government Service Insurance System (GSIS), and Philippine Medical Care Commission to conduct actuarial and financial studies for the integration of benefits they currently administer.
- Integration of benefits will maximize economy and efficiency of administration, eliminate duplication and overlapping of benefits, and result in the extension of a wider range of social security benefits.
- To establish a sound foundation for the State Insurance Fund to be governed by the Employment Compensation Commission created in the Labor Code, which shall be regarded as a joint and unified resource of both the SSS and the GSIS subject to policies promulgated by the said umbrella Commission.
Purpose of Integration:
- To maximize economy and efficiency of administration.
- To eliminate duplication and overlapping of benefits.
- To extend a wider range of social security benefits.
Entities Involved:
- Department of Labor
- Social Security System (SSS)
- Government Service Insurance System (GSIS)
- Philippine Medical Care Commission
- Employment Compensation Commission (to be established)
Legal Basis:
- The powers vested in the President by the Constitution.