The official said that the ministry would assist in ensuring that issues causing the delay in treating the files of the affected
retirees would be sorted out.
This report provides brief descriptions of the health insurance programs available to federal
retirees and the policy challenges that result.
Since the
Retiree Attraction Program's inception in 1993, the Oxford-Lafayette County Economic Development Foundation, Inc.
Appreciating the contributions of
retirees, he called on them to give suggestions and constructive comments to the government so that programmes undertaken have a useful impact on society and the country.
Depending on the number of years they have rendered, the
retirees will receive
Under the GSIS retirement program, government
retirees get a monthly pension that's equivalent to 80 percent of their average monthly salary (AMS) during the last three preceding years of service prior to retirement, while
retirees from the private sector under the SSS retirement program who made 120 monthly contributions get a monthly pension of P300, plus 20 percent of the AMS credit for the 10 preceding years of service prior to retirement, and another 2 percent of the AMS in excess of 10 years, as the basis for computing the monthly pension of SSS
retirees.
Further, the survey found two-thirds of
retirees say they consider converting their assets into income a relatively easy task.
"We earnestly pray that PNP Director Oscar Albayalde will safeguard the welfare of PNP
retirees by ordering the PNP to immediately stop the practice of causing automatic deductions from our monthly pensions for the purpose of collecting pension loan payments on behalf of certain privately-owned lending entities," they added.
This perhaps explains why four in 10
retirees said they were very concerned that significant health care costs will affect their standard of living, according to LIMRA's 2017 Consumer Survey.
As a result, “asset balances for many
retirees grow through at least 85 years old.”
As of November, foreign
retirees numbered 53,355, Bienvenido Chy, PRA general manager, said after he inducted officers of the newly formed Philippine Investors and Retirement Industry Council (Piric) here on Thursday.
