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PRESIDENTIAL DECREE NO. 608
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PRESIDENTIAL DECREE NO. 608
- SUSPENDING THE EFFECTIVITY OF TITLES II AND III, BOOK IV OF THE LABOR
CODE OF THE PHILIPPINES ON "EMPLOYEES COMPENSATION AND STATE INSURANCE
FUND" AND "MEDICARE"
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WHEREAS,
the Social Security System and the Government Service Insurance System,
in close coordination with the Department of Labor, are still
conducting actuarial and financial studies for the integration of
benefits presently administered by the Bureau of Workmen's
Compensation, the Social Security System, and Government Service
Insurance System and the Philippine Medical Care Commission;chanroblesvirtualawlibrary
WHEREAS, integration of benefits will not only maximize economy and
efficiency of administration and eliminate duplication and overlapping
of benefits, but also result in the extension of a wider range of
social security benefits;chanroblesvirtualawlibrary
WHEREAS, it is necessary to establish a sound foundation for the State
Insurance Fund to be governed by the Employment Compensation Commission
created in the Labor Code, which shall be regarded as a joint and
unified resource of both the SSS and the GSIS subject to policies
promulgated by the said umbrella Commission;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
suspend the effectivity of the operation of Titles II and III, Book IV
of the Labor Code of the Philippines on "Employees Compensation and
State Insurance Fund" and "Medicare", respectively, from November 1,
1974 to January 1, 1975, to enable the Department of Labor, the Social
Security System, the Government Service Insurance System and the
Philippine Medicare Commission to perfect the organization of the
Employment Compensation Commission and all the programs under
it. chanroblesvirtualawlibrary
DONE in the City of Manila,
this 18th day of December, in the year of Our Lord, nineteen hundred
and seventy-four.
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