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Executive Order No. 167 (2014)
pursuant to Article 177(e) of Presidential Decree No. 626, as amended, the Employees— Compensation Commission (ECC) shall have the power and duties, among others, to upgrade benefits and grant new ones for permanent disability or death, subject to the approval of the President, provided that the actuarial stability of the State Insurance Funds (SIF) shall be guaranteed and that such increases in benefits shall not require any increase in contributions from the employers, both private and public;
SECTION 1.
EC Funeral Benefits for the Private and Public Sectors. The amount of EC Funeral Benefits in both the private and public sectors shall be increased from Ten Thousand Pesos (Php 10,000.00) to Twenty Thousand Pesos (Php 20,000.00), effective immediately; provided, that the stability of the SIFs is not affected and there is no corresponding increase in the EC contribution from the employers, both private and public.
SECTION 2.
EC Disability and Death Benefits for the Private Sector. There shall be a -ten (10%) across-the-board increase in EC Pension for all EC permanent partial disability, permanent total disability and survivorship pension in the private sector, effective immediately; provided, that the stability of the relevant SIF is not affected and there is no corresponding increase in the EC contributions from the employers.
SECTION 3.
Appropriation and Release from the SIFs. The ECC, SSS and GSIS are hereby directed to appropriate and release the amounts necessary to cover the increase in benefits set forth in Sections 1 and 2 above from the reserves of the relevant SIF that the SSS and GSIS administer, respectively, under the ECP.
SECTION 4.
Implementing Rules and Regulations. The ECC shall issue such rules and regulations as may be necessary to implement this Executive Order, including the retroactive application of the increase in benefits for the private sector to September 2013 as adopted in Resolution Nos. 13-07-14 and 13-07-15.
SECTION 5.
Amendment or Modification. All Presidential issuances, rules and regulations inconsistent herewith are hereby amended or modified accordingly. 1avvphi1
SECTION 6.
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 7.
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 26th day of May in the year of Our Lord, Two Thousand and Fourteen.
(Sgd.) BENIGNO S. AQUINO III
By the-President:
(Sgd.) PAQUITO N. OCHOA, JR. Executive Secretary