Institutionalization of the DOF Retirement Program

January 12, 2016 DOF DEPARTMENT ORDER NO. 006-16 INSTITUTIONALIZATION OF THE DOF RETIREMENT PROGRAM WHEREAS, the Department of Finance recognizes and values the committed service rendered by its employees for the effective and efficient conduct of its mandate; WHEREAS, a quality retirement program encourages productivity and satisfaction in the workplace; NOW THEREFORE, in consideration of the foregoing, the Retirement Program is hereby instituted as a regular component of the DOF's Human Resource Development Plan as implemented by the Personnel Services Division to be included in the regular budget of the Department. The Program will cover a range of courses for would be retirees and privileges for retirees in government service. CAIHTE Privilege Description Eligible Employees Pre-Retirement 1. Retirement Plans Government Pre- This course shall cover the All employees Retirement following: This course is Orientation (to be recommended to be conducted twice in a o GSIS briefing on various taken by all new year) retirement plans and employees and benefits offered in the employees who are government service. five years away from compulsory o Philhealth briefing on retirement. benefits. o PAG-IBIG briefing. o terminal leave. guidelines for documentary requirements and procedures in processing/payment of retirement benefits as prescribed by the Department of Budget and Management. o accountabilities to be fulfilled prior to retirement, whether compulsory or optional. 2. Health and Wellness o regular health check-up at All employees the Clinic (medical and dental). o Annual Physical Examination (at Discounted rate). o Provision of free medicines. o Provision of vaccines at discounted price. o Aerobics and/or other Physical Fitness sessions. o Various lectures for a Healthy Life style. 3. Education A. Orientation on To fully educate the DOF DOF employees with R.A. 9994 Employees with their rights ages 60 years (Expanded Senior and privileges as becoming old and above. Citizens Act of Senior Citizens. 2010) B. Financially A series of seminars to help All employees 1 Preparing for employees in different stages Special priority may Retirement (starting out, building wealth, be given to employees getting ready to retire) prepare who are planning or financially for retirement. due to retire within the next 12 months. o Building a portfolio. o Investing in the Market. o Savings planning. o Income strategies for retirement. o Preserving retirement savings. C. Disaster To provide an avenue for the -do- Preparedness for retirees to have a network of Senior Citizens neighbors, relatives, friends and co-workers as support group in times of emergency. Post-Retirement Retiree Assistance The Personnel Services Division Employees who are shall assist the said employee on contemplating to the requirements prescribed under retire or mandatorily GSIS Memorandum Circular retired by the current No. 3-97 dated July 7, 1997 and year. GSIS Memorandum dated 14 November 1997. Retiree Recognition 1. An appropriate ceremony shall All retirees. be held to recognize the dedication to the service of all DOF retirees. An award as prescribed in the DOF PRAISE program may be granted. 2. Invitation to DOF milestones. 3. A retirement gift shall be given as determined by the PRAISE Committee. DOF Retirees' 1. Formal organization of DOF All interested retirees. Association/Club Retirees to be provided a space within the DOF premises. 2. Regular quarterly meeting (Socialization or Kumustahan) . Return to Work as a DOF retirees may return to work All retirees who have Retiree in the DOF under special secured final clearance circumstances as subject matter and with an outstanding experts. This is subject to all performance record. relevant and applicable laws and regulations. This Order also provides for the following in relation to the DOF Retirement Program: 1. The Chief of the Personnel Services Division shall be the focal person that shall initiate, organize and coordinate all programs and activities for retiring personnel and retirees; and 2. Retirement Guide which contains all relevant information, benefits and accountabilities pertaining to retirement in government service, whether optional or compulsory. Chargeability of Expenses: Expenses for the above activities shall be charged against DOF appropriations (Training Budget) for the current year. This Order shall take effect immediately and all concerned shall be guided accordingly. DETACa (SGD.) CESAR V. PURISIMA Secretary Footnotes 1. The Central Administration Office reserves the right to recommend the appropriate seminar for an employee.