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Solon urges GSIS to restore pension of Napocor retirees 08/31/2011

Wednesday, August 31, 2011

Solon urges GSIS to restore pension of Napocor retirees

08/31/2011
Newly installed Sen. Aquilino “Koko” Pimentel III yesterday asked the Government Service Insurance System (GSIS) to restore the monthly pensions of nearly 9,000 National Power Corp. (Napocor) retirees that the state-run pension agency stopped last April, allegedly in compliance with a Supreme Court ruling.

Pimentel urged GSIS chairman Daniel Lacson and GSIS president and general manager Robert Vergara to liberally interpret the laws in favor of its members or beneficiaries.

“If, under our Labor Laws, a fair day’s pays for a pair day’s work is a long accepted doctrine, the same should equally apply to retirees who look at their retirement benefits as a financial refuge in their old age,” Pimentel said.

Pimentel said Napocor retirees have made invaluable contribution to the development of the Philippine electric power industry and deserve due recognition for services rendered..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20110831nat5.html

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