Bill lowers retirement age of state workers-A A +A
Saturday, September 7, 2013
A HOUSE member filed a bill lowering the mandatory retirement age for state employees from 65 to 55.
House Bill 242, filed by Compostela Valley Representative Maria Carmen Zamora, is seeking amend the Government Service Insurance System Act of 1997 to address the slow manpower turnover in government as only a few avail of early retirement.
"This scenario affects government's productivity since studies show that people reaching the age of 50 years old tend to suffer from a decline of cognitive and physical abilities," Zamora said.
Zamora said the reduction of the age of retirement is the only viable solution to increasing productivity and at the same time decreasing unemployment by allowing new entrants to civil service positions.
"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 GSIS the ability to fully prepare and manage the increase in the transaction volume of retirement applications and their processing," Zamora said.
According to the National Statistics Office, the unemployment rate in the country rose to 7.5 percent in April compared to last year's 6.9 percent. (Kathrina Alvarez/Sunnex)