Barangay officials and barangay workers killed in action, irrespective of their age and number of years in service, shall receive a benefit the same as the retirement pay that will be given to said beneficiaries who will retire at the age of 60 after serving nine years or more.
Senator Ferdinand “Bongbong” R. Marcos, Jr. assures in his Senate Bill No. 12 entitled “An Act Providing Barangay Officials, including Barangay Tanods, Members of the Lupon ng Tagapamayapa, Barangay Health Workers and Barangay Day Care Workers a Retirement Benefit.”
Marcos, chairman of the Senate committee on local government, sponsored the bill which provides a retirement pay of P100,000 for each barangay chairman, P80,000 for each member of Sangguniang Barangay, and P50,000 each for barangay treasurer and secretary, barangay tanod, member of the Lupon ng Tagapamayapa, and barangay health and day care worker.
Marcos has urged for the immediate passage of his measure saying it manifests acknowledgement of the invaluable contribution of barangay officials and workers who are serving in the front lines without regular monthly salaries but are compensated only with disproportionate honoraria, allowances, or other forms of emoluments.
As funding source for the monetary benefit, the bill provides that a Barangay Retirement Fund shall be created through annual investment equivalent to one percent (1%) of the share of the national government from the Internal Revenue Allotment collection. Such fund shall be administered by the DILG.