Bill to lower retirement age of government employeesSeptember 2, 2013 12:51 pm
A lawmaker has filed a bill lowering the mandatory retirement age for government employees to age 55 or 10 years earlier than 65 years what the present law has pegged.
Rep. Maria Carmen Zamora of 1st District of Compostela Valley said if House Bill 242 is approved, it will correct the slow manpower turn-over in government because only a few avail of early retirement.
“Most government employees opt to retire at the age of 65 thus creating a stand-off in terms of position movement and the accommodation of new entrants. This scenario affects government’s productivity since studies show that people reaching the age of 50 years old tend to suffer from a decline of cognitive and physical abilities,” Zamora said.
She added that the inability of the older set of public servants to adapt to the infusion of modern technology and methods also impacts negatively on output and efficiency.
According to Zamora, the reduction of the age of retirement is the only viable solution to increasing productivity and decreasing unemployment by allowing new entrants to civil service positions.
“More retirees would mean more job openings for the unemployed. Lowering the compulsory retirement age would also allow retirees to thoroughly enjoy the benefits and assistance extended to them, while giving the Government Service Insurance System (GSIS) the ability to fully prepare and manage the increase in the transaction volume of retirement applications and their processing,” Zamora said.
The measure seeks to amend sections 13(b) and 13-A of Republic Act No. 8291, otherwise known as the Government Service Insurance System Act of 1997.
Only those GSIS members who have rendered at least 15 years of service are covered and entitled to retirement benefits. PNA