08052015memo BFP
08052015memo BFP
08052015memo BFP
BUREAU OT
fNE PROTECflON
NANONAT I.IEADQUAR?Ef, 5
i!3
201
AUB
0+20?
AUGUSI rrjl s
Date
MEIIORANDUM CIRCULAR
NUMBER
City
)-0c5
SUBJECT.
2
3.
4.
5,
6
7
Rutes
end Regulations (lRR),
Revised Rures on Administratrve csses in
the crvir seruice:
Repubrrc Act No. 101s4 othenffisc
knowrr as An Ac{ Requrring Att
Concerned Govarnmenl Agencics to Ensure
The Earty Release of The
Rctirgrnsnl pey. pension$, Gratuttigg s66
Othcr Benefits of Retiring
Governn-refit Empioyses and iis Imptementing
irfaa Snd Regulationg;
Rapublic Act No, 30,tg or The Anti6rart
anOioitipt rractices Act;
Executive Order 292 or ihe Adminietratrve
Code of 1987,
Prosrdentiai De*ee No 144s or rh.
Gouernrnent -l.L,r,ng ccde of the
Phitippines;
01
9.
2013;
il.
lro
PURPOSE
fit.
$coPE
ffiH-
Bges-d*rrls
s@o
th*SAt&leffipd
:'
il
IV.
Hffi ,*r;I#i:*
DEFI'{ITDN OF TERI'S
drsmrssal
fromthgservrce
posting of $urety
Eond * 6 necossary safaguard to be made
by a retr.ee tc s surety
Bong comp5ny equrvarent to hrs retiremeni banerits
in arder to ensurre restituton
in the
Retiremlnt
Btnrfltr
v'
A'
B'
C. W[h
ss1
ecce$$ory penalty of for.feiture Of benelits or pecuniefy
fiaOitrty on the part of the retiree
ii: fevor of the BFp
D.
5.
Audit
vl.
cAsEs
PEr'rDrNG BEF0RE
trT
ai;-iGtltC.nt
"*ffiffi
Vi,.
8ribery
tt
I
All i-etiiement henefits ci retrree$ failing wiihin ti:rs ciasslficarron should not
be
sxcept as provrded
poSsrbie
Aii retiremani irenefits of reiirees fuiiing within thrs ctasSificetion shauld not
be
proessed and withheici pendrng the resolution/decision of
the case. sxqept as pravided
far in p66graph Vlll of this Circutar.
Audit.
Ali
Commrssron.
Bgnefit Divisron, shall 6qltsct trom the GSIS or the accredited Surery
Bono Company the
tOlal obitgatrong Of the retires to the BFp and an Otficiet Recerpt shalt be {Ssued. Tne
collec*ad amount rl'lafi be dcposrted 10 a specitlc fund acccunl of the BFp,
Neti'ertheiesE' if the decieron is in fuvor of the r6tireg, his pension
Contrnuously without n*d for poeting of a bonct
wii be rebassd
Onty th*c $ursly bond issued by the GSIS ar Surety Bond Company accrsdited
by thc lnguruncc Commissron shail be acesptcd by the concerned o#ices reiative 10 rhe
EN
Ait SFP rrernoranda end circutars contrary cr rn direct conflict with this
upon itc appreval rr* hereby repaled or modrfied sccordrngly^
cir.cru;ar,
ARrrf*SmSsA,
cEo vl
t/'