The new program would cover all foreign service officers, including those who previously retired or became disabled, if they had served for at least 15 years in the Department of Foreign Affairs or in other government agencies. READ:
Under his House Bill No. 4077, a foreign service retirement program would be launched under the state-run Government Service Insurance System.
“We have to consider the financial challenges faced by our foreign service officers in preparing for their eventual retirement, including their need to resettle and establish a home here in the country after completing their tours of duty overseas,” Libanan said. Under Libanan’s bill, the monthly pension of retired foreign service officers would be automatically raised based on any future upward adjustment in the pay rate of their last salary grade when they left their jobs.
To guarantee program funding, the DFA and the GSIS would be required to meet yearly to ascertain the new money needed.
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