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Gov Lacson tells retirees: Save for the future

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Negros Occidental Governor Eugenio Jose Lacson advises the retirees to save their money for the future.

Lacson made the statement after the House of Representatives approved on third and final reading a measure lowering the optional retirement age of government employees from 60 to 56.

“What I am afraid of is that because they are healthy, they’re gonna enjoy too much and may spend their retirement fees and when they get old when some sickness comes they may have nothing to spend anymore. So better save for the future,” Lacson said. (https://bit.ly/2PFOJ93)

With 192 affirmative votes, zero negative votes, and no abstention, the Lower House passed House Bill No. 5509, which seeks to amend Section 13-A of Republic Act 8291, otherwise known as the “Government Service Insurance (GSIS) Act of 1997.”

Government workers who have reached the age of 56 years may file for retirement and be entitled to an old-age pension for life from the GSIS.