Executive Order No. 134 (2013) — the Government Service Insurance System (GSIS) actuarial studies show that the GSIS—managed State Insurance Fund (SIF) can finance the grant of Carer—s Allowance in the amount of Five Hundred Seventy Five pesos (?575.00) a month to each EC PPD and EC PTD pensioner in the public sector without affecting the stability of the GSIS managed—SIF and without requiring additional contributions from the national government; and

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Executive Order No. 134 (2013)

the Government Service Insurance System (GSIS) actuarial studies show that the GSIS—managed State Insurance Fund (SIF) can finance the grant of Carer—s Allowance in the amount of Five Hundred Seventy Five pesos (?575.00) a month to each EC PPD and EC PTD pensioner in the public sector without affecting the stability of the GSIS managed—SIF and without requiring additional contributions from the national government; and

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SECTION 1 · Carer—s Allowance SECTION 2 · Appropriation and Release from the SIF SECTION 3 · Implementing Rules and Regulations SECTION 4 · Amendment or Modification SECTION 5 · Separability Clause SECTION 6 · Effectivity

SECTION 1

Carer—s Allowance

SECTION 1.

Carer—s Allowance. There is hereby granted a Carer—s Allowance of Five Hundred Seventy Five Pesos (?575.00) each to EC and EC PTD pensioners in the public sector, Provided, That the actuarial stability of the GSIS—managed State Insurance Fund shall be guaranteed, and Provided, Further, That such grant shall not require increases in contributions.

SECTION 2

Appropriation and Release from the SIF

SECTION 2.

Appropriation and Release from the SIF. The ECC and the GSIS are hereby directed to appropriate and release the amount necessary to cover the Carer—s Allowance herein granted from the reserves of the State Insurance Fund that the GSIS administers for the public sector under the Employees— Compensation Program.

SECTION 3

Implementing Rules and Regulations

SECTION 3.

Implementing Rules and Regulations. The ECC shall issue such rules and regulations as may be necessary to implement this Executive Order.

SECTION 4

Amendment or Modification

SECTION 4.

Amendment or Modification. All Presidential issuances, rules and regulations inconsistent herewith are hereby amended or modified accordingly.

SECTION 5

Separability Clause

SECTION 5.

Separability Clause. If any provision of this Executive Order is declared invalid or unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.

SECTION 6

Effectivity

SECTION 6.

Effectivity. This Executive Order shall take effect fifteen days after its publication in the Official Gazette and in a newspaper of general circulation.

DONE in the City of Manila, this 23rd day of April, in the year of Our Lord, two thousand and thirteen.

(Sgd.) BENIGNO S. AQUINO III

By the President:

(Sgd.) PAQUITO N. OCHOA, JR. Executive Secretary