Aminority leader of the House of Representatives is batting for a new retroactive retirement plan for the country’s Foreign Service officers, in a bid to upgrade their pensions when they reach old age or suffer some other disability.
House Minority Leader Marcelino C. Libanan has filed House Bill 4077, a Foreign Service Retirement Program that 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. Libanan cited Section 63 of the 1991 law, which provides that: “The President, upon the recommendation of the Secretary of Foreign Affairs, may, as soon as practicable, submit for enactment by Congress a foreign service retirement program.”
Differential funding for the program would be sourced from the DFA’s available savings and consular income, as included in the annual General Appropriations Act.
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