Retirement pay given to 145 employees of IBC-13 after 22 years

retirement pay given to 145 employees of ibc-13 after 22 years

Retirement pay given to 145 employees of IBC-13 after 22 years

MANILA, Philippines — After over two decades, 145 former employees of government-owned media corporation Intercontinental Broadcasting Corporation (IBC-13) have finally received their retirement pay.

In a statement from the Presidential Communications Office (PCO) on Saturday, it said that at least 25 of the retirees have already passed away before they could enjoy the fruits of their labor.

READ: Saving for retirement and helping family at the same time

Most of them are already on maintenance medicines, facing various health issues, while some are “gravely ill.”

PCO said that it took 22 years and 28 management teams before the payment was given to the retirees.

In her speech during the awarding ceremony on Friday, Secretary Cheloy Garafil said settling the retirement pay of the former IBC employees was one of the marching orders of President Ferdinand “Bongbong” Marcos Jr.

“The President gave the instruction to help resolve their claims as addressing the welfare of media workers is one of the cornerstones of his administration and of the PCO. So it is a great honor for me to be able to be part of this much-awaited and much-deserved awarding of benefits to our colleagues in the media,” Garafil said.

For his part, IBC-13 President and Chief Executive Officer Jimmie Policarpio said that around 200 families benefited from the development.

READ: Should millennials invest for retirement now

“With spirits of thanksgiving, they can now look forward to enjoying their waning years with dignity and pride in having served God, country and people,” the IBC-13 management said.

PCO said that Policarpio thanked the government, as well as the Senate of the Philippines especially Senate President Juan Miguel Zubiri and Senators Koko Pimentel, Jinggoy Estrada, and JV Ejercito who sponsored the bill for the release of the pay.

The IBC-13 management also expressed gratitude to House Speaker Martin Romualdez, Finance Secretary Ralph Recto, Budget Secretary Amenah Pangandaman, and the Governance Council for Government Owned and Controlled Corporations headed by Chairman Atty. Marius Corpus.

OTHER NEWS

22 minutes ago

As Anglo American fights back in bid war, 1,100 jobs at potash mine face the axe

22 minutes ago

Green Beret A-Teams Training On FPV Drones Being Driven By War In Ukraine

23 minutes ago

Weak leaders surrendered to might of AAP, no dissent in Congress: Partap Singh Bajwa

23 minutes ago

Ambala prepare to host PM Modi’s rally, workers reach out to people

23 minutes ago

Willie Peters explains plans to fix ‘uncharacteristic’ Hull KR defensive issues

23 minutes ago

Floods hit parts of Northeastern France

23 minutes ago

Hasler lashes 'crazy' Bunker after loss to Knights

23 minutes ago

From Rajya Sabha Pick to ‘BJP Pawn’: How Arvind Kejriwal, AAP Lost Trust in Swati Maliwal in 3 Months

23 minutes ago

Record label paving the way for Asian artists in all genres in America

23 minutes ago

Trump trusted more than Biden on inflation, a top issue for voters, poll shows

23 minutes ago

How maths teacher in her dream job became ‘sexual predator’ who abused trust to groom pupils

23 minutes ago

Summer dream job: Get paid $100K to swim in pools across all 50 US states

23 minutes ago

China probes agriculture minister for suspected disciplinary violations

24 minutes ago

Parts of northern India scorched by extreme heat with New Delhi on high alert

26 minutes ago

Are home inspection conditions back in the cards? What buyers should know

26 minutes ago

Wildfire evacuations: What to know in case you have to leave your home

26 minutes ago

The BBC “Evidence Gathering” After Complaints Against ‘Strictly Come Dancing’ Star Giovanni Pernice

28 minutes ago

Firebrand Aussie senator exposes the silent epidemic killing some of Australia's most essential and trusted workers

28 minutes ago

AC/DC rocker Angus Young, 69, looks VERY different from his 'schoolboy' heyday as the iconic Aussie rock band kick off European tour

28 minutes ago

Former FA Cup winner with Arsenal becomes manager of non-league side Leatherhead... months after registering himself as a player at the age of 49

28 minutes ago

Married teacher who told a 15-year-old schoolboy she loved him pleads she's not a predator, 'just pathetic'

28 minutes ago

Police arrest THREE people after incidents at Championship play-off semi-final clash between Southampton and West Brom

29 minutes ago

Sask. Speaker accuses government MLAs of trying to influence his decisions

29 minutes ago

Severe storms to kick off the long weekend in Manitoba, Ontario

29 minutes ago

9/10 Leeds star with more touches than Summerville was unsung play-off hero

29 minutes ago

Hasler fumes as costly Bunker call haunts Titans

29 minutes ago

Five ways British men can look more stylish this summer

29 minutes ago

Stormers not going to run the ball at Connacht

29 minutes ago

Protesters shut major airport after gluing themselves to runway

29 minutes ago

Claims ANC/EFF supporters vandalised ActionSA billboards

29 minutes ago

South Africa's divorce rates rise sharply by 10.9% amidst decreasing marriage registrations

29 minutes ago

Bvuma lauds Chiefs’ legendary ‘Spider-Kid’ Khune

29 minutes ago

Euro 2024: Every squad announced so far including France, Germany & Netherlands…

29 minutes ago

Trump Keeps Topping Biden in Polls About the Economy

29 minutes ago

RIP: All Blacks great Sid Going dies aged 80

29 minutes ago

NATO membership 'key element' for peace

35 minutes ago

Maureen Lipman, 78, packs on the PDA with her business consultant boyfriend David Turner during a cosy outing in north London after she confirmed their romance

36 minutes ago

Putin claims he has no plans ‘as of today’ to capture Kharkiv

36 minutes ago

PGA Championship: Olympic gold medalist Schauffele leads survivors as several Major winners miss the cut at Valhalla

36 minutes ago

Fears of new Windrush as thousands of UK immigrants face ‘cliff edge’ visa change

Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch