Publishing Memorandum Circular No. 183-75

January 21, 1976 REVENUE MEMORANDUM CIRCULAR NO. 03-76 SUBJECT : Publishing Memorandum Circular No. 183-75 dated November 7, 1975 of the Government Service Insurance System on the Submission of Retirement Applications under CA 186, as amended, by Prospective Retirees TO : All Internal Revenue Officers and Employees For the information and guidance of all internal revenue officers and employees, quoted below is Memorandum Circular No. 183-75 of the Government Service Insurance System: "MEMORANDUM CIRCULAR NO. 183-75 In order to enable the Government Service Insurance System to effect the payment, right on the date of retirement , of the lump sum or the initial monthly annuity check to retirees under CA 186, as amended, all prospective retirees and endorsing officials are hereby urged to submit to the GSIS the retirement applications including all pertinent requirements at least SIXTY (60) DAYS before the effective date of retirement under said ACT. This is to afford the GSIS sufficient time to process, adjudicate, and compute the retirement claims on or before the actual date of retirement. All employers should endeavor to clear all accountabilities of their retiring employees on or before the date of retirement. The GSIS will pay the proceeds in full on or after the date of retirement unless the GSIS receives beforehand a court order or an authorization from the retiring employee allowing the GSIS to deduct from the proceeds of his retirement benefits the amount of his accountabilities and to remit the same to his employer. It is recognized that it may not be practicable to apply the beneficial effects of this circular to all prospective retirees, particularly accountable and bonded officials and employees, whose final accountabilities may not be determinable prior to the last day of actual service. However, all employers are hereby encouraged to apply this circular for the benefit of as many of their retiring employees as possible. The provisions of any previous circulars of this Office which are inconsistent herewith are hereby superseded. (SGD) ROMAN A. CRUZ, JR. General Manager" Please be guided accordingly. EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3