SBN-1045 - Senate

V
SEC. 162. Prescriptive Period for Transfer of Leave Credits. - The option to
transfer accumulated leave credits can be exercised within one (I) year only from the
effective date of transfer of the appointive personnel to their new office, or to the
assumption of the elective officers ‘in their new post.
SEC, 163. Leave Without Pay. - In no case shall leave without pay be granted
in excess of one (1) year or if the public officer or employe concerned still has leave
credits with pay.
SEC. 164. Terminal Leave. - Terminal leave refers to the total accumulated
leave credits of personnel, the money value of which shall be based not necessarily on
the latest salary rate but on the highest salary rate received at any time during the
period of employment in the government service.
Chapter 3. Retirement Benefits
SEC. 165. Payment of Retirement Benefits on the Day of Retirement. - All
personnel are entitled to receive their retirement benefits provided for under existing
laws on the day of their retirement. The last agency-employer shall ensure that all the
retirement documents are in order six (6) months prior to the retirement of the said
personnel. All concerned agencies of the government shall render assistance in this
regard.
All public officers and employees with pending administrative, disciplinary cases
‘who were eventually exonerated or cleared therefrom shall be entitled to payment of
retirement benefits immediately a day after the promulgation of the decision,
SEC. 166. Rate of Merest for Delay in Payment - Should the retiree, through
no fault of hidher own, fail to receive the benefits on the day of retirement, the same
shall earn interest at the prevailing rate.
The retirement benefits of those who were eventually exonerated or cleared
from administrative, disciplinary cases shall likewise earn interest at the prevailing legal
rate computed from the date of retirement to the date of promulgation of the decision,
SEC.167. Liability for Deky. - Agencies or their personnel who caused the
delay in the retiree’s receipt of retirement benefits shall upon complaint of the retiree or
the successor in interests, be liable for the payment of the interest mentioned in the
immediately preceding Section,. This is without prejudice to the filing of administrative
and criminal cases against the personnel responsible for the said delay.
Complaints against delays in the release of retirement benefits shall be filed with
the Commission within one (1) year from the date of retirement.
The Commission shall promulgate rules and mechanisms to enforce this
provision.