Aquino approves 10 percent across-the-board increase in public employees’ compensation pension

President Benigno Aquino III has signed Executive Order No. 188, imposing a 10 percent across-the-board increase in employees’ compensation (EC) pension in the public sector.

The President signed the order last September 11 after the Employee’s Compensation Commission (ECC) recommended the increase in the pension of government employees.

An actuarial study conducted by the Government Service Insurance System (GSIS) shows that the State Insurance Fund (SIF), which is administered by the GSIS, can finance the increase in EC pension for the public sector without affecting the stability of the SIF and without requiring additional contributions from the national government.

The ECC has the power and the duty to upgrade benefits and grant new ones for permanent disability or death, subject to the approval of the President.

Source: PCOO