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Bill lowers retirement age of government employees

A LAWMAKER on Monday filed a bill lowering the mandatory retirement age for government employees to 55 from 65.

House Bill 242, filed by Liberal Party Rep. Maria Carmen Zamora of Compostela Valley, is seeking to amend sections 13(b) and 13-A of Republic Act 8291, or the Government Service Insurance System (GSIS) Act of 1997.

Under the current law, only those GSIS members who have rendered at least 15 years of service are covered and entitled to retirement benefits.

Zamora said if the bill were enacted into law, it will correct the slow manpower turnover in the government because only a few avail themselves of early retirement, saying most of the government employees opt to retire at the age of 65, thus creating a standoff 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 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 negatively affects on output and efficiency.

“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 the ability to fully prepare and manage the increase in the transaction volume of retirement applications and their processing,” Zamora said.        

 

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