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, the Government
Service Insurance System and the Philippine Medical Care Commission;
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;
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:
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 Title 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 Medical Care Commission to perfect the organization of the
Employment Compensation Commission and all the programs under it.
Done in the City of Manila, this 18th day of December, in the year
of Our Lord, nineteen hundred and seventy-four.
(Sgd.)
FERDINAND E. MARCOS
President of the Philippines
By the President:
(Sgd.)
ALEJANDRO MELCHOR
Executive Secretary