Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members
Republic Act No. 5969, approved on June 21, 1969, amends Section 12 of Republic Act No. 4968, extending benefits to former members of the Government Service Insurance System who retired on or before June 16, 1951, provided they are still living at the time of the Act's approval. The law stipulates that any increase in retirement benefits will be funded by the National Government and will take effect starting June 17, 1969. Additionally, the necessary funds for these increased benefits will be appropriated in accordance with existing laws. The Act aims to enhance the retirement benefits of eligible former government employees.
Quick Answers
- What is Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members about?
- Republic Act No. 5969, approved on June 21, 1969, amends Section 12 of Republic Act No. 4968, extending benefits to former members of the Government Service Insurance System who retired on or before June 16, 1951, provided they are still living at the time of the Act's approval. The law stipulates that any increase in retirement benefits will be funded by the National Government and will take effect starting June 17, 1969. Additionally, the necessary funds for these increased benefits will be appropriated in accordance with existing laws. The Act aims to enhance the retirement benefits of eligible former government employees.
- What type of law is Republic Act No. 5969?
- Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members (Republic Act No. 5969) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members enacted?
- Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members (Republic Act No. 5969) was enacted on Jun 21, 1969.
- What is the citation for Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members?
- Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members, Republic Act No. 5969, Jun 21, 1969 (Philippines)
Law Information
- Reference Number
- Republic Act No. 5969
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 21, 1969
REPUBLIC ACT NO. 5969
AN ACT AMENDING SECTION TWELVE OF REPUBLIC ACT NUMBERED FORTY-NINE HUNDRED AND SIXTY-EIGHT SO AS TO MAKE THE PROVISIONS OF THIS AMENDATORY ACT APPLICABLE TO FORMER MEMBERS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM WHO HAD RETIRED ON OR BEFORE JUNE SIXTEEN, NINETEEN HUNDRED AND FIFTY-ONE, UNDER CERTAIN CONDITIONS
Section twelve of Republic Act Numbered Forty-nine hundred and sixty-eight which amends Commonwealth Act Numbered One hundred and eighty-six, as amended, is amended to read as follows:
"Sec. 12. This Act shall take effect upon its approval: Provided, That the provisions of this amendatory Act shall also apply to all former members of the system (1) who are still living on the date of the approval of this Act; and (2) who had retired on or before June sixteen, nineteen hundred and fifty-one, under the provisions of Republic Act Numbered Six hundred and sixty, as amended, or Republic Act Numbered Sixteen hundred and sixteen, as amended: Provided, further, That the additional amounts or premiums necessary for the annuity of the former members of the System referred to herein due to the increase in their retirement benefits as provided for in this Act, shall be paid by the National Government: Provided, furthermore, That any increase in their annuity shall commence only from June seventeen, nineteen hundred and sixty-nine: And, provided, finally, That such additional amounts or premiums necessary to provided for such increase in retirement benefits, as may be determined by the System, are deemed appropriated in accordance with section twenty-seven of Commonwealth Act Numbered One hundred and eighty-six, as amended, and shall form part of the equal yearly amortizations provided for in subsection (a) of Section seven of the said Act, as amended in Section four of said amendatory Act."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 21, 1969
Published in the Official Gazette, Vol. 66, No. 12, p. 2814 on March 23, 1970
Cite This Law
Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members, Republic Act No. 5969, Jun 21, 1969 (Philippines)
Amendment to R.A. No. 4968 Re: Retirement of Former GSIS Members, Republic Act No. 5969 (Phil. 1969)
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- Implementing Guidelines of R.A. No. 6683 (December 2, 1988)Supreme Court Administrative Circular No. 07-89 • Jan 13, 1989 • Supreme Court Issuances
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