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Download - PNP Finance Service

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SP 05 - 100• Burial Expenses equivalent to three (3) months salary but in no case less than P 1,000.00• Eighty (80%) percent of the monthly salary of the deceased is given to thesurviving dependent/ legitimate children for five (5) years.(3) Payable by GSIS under PD 1146. If a member is qualified under old age pensionat the time of death – Sixty year (60) of age with Fifteen (15) years service, abasic monthly pension guaranteed for five (5) years maybe collected in lumpsum. After the guaranteed period, the survivor shall receive the survivorshippension so long as they qualify:• Formula:Basic Survivorship Pension= Fifty Percent (50%) of the basicmonthly pensionDependent Pension= Ten Percent (10%) of the basic monthly pension for everydependent child not exceeding 5, counting from the youngest andwithout substitution.(4) Payable MBAI. Upon the death of the PCO or PNCO, the survivor shall receive anamount corresponding to the age and permanent rank of the deceased pursuant toSOP no 1 HPC dated February 10, 1982 Subject: Policies and ProceduresRelative to the upgrading of MBAI Basic Insurance Coverage of members of the<strong>PNP</strong>. Likewise, the survivor shall receive additional benefits if the deceased hadbeen covered by optional Insurance.(e) Resignation or separation from the service. Under Sec 1 of EO 1077 dtd 9Jan 86, any officer or employee of the government who retired voluntarily,resigns or was separated from the service through no fault of his own,shall be entitled to the commutation of all accumulated vacation and sickleaves on his credit exclusives of Saturdays, Sundays and Holidayswithout limitations as to the number of days of vacation and sick leavesthat have may be accumulated.

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