DFA retirement benefits expanded

PRESIDENT Ferdinand R. Marcos, Jr., has signed into law a bill that would expand the retirement benefits of Department of Foreign Affairs (DFA) workers, giving them increased pension and gratuity benefits.

According to a document dated May 2, Republic Act No. 121811 or the Adjusted DFA Retirement Benefits Act entitles retired officers and employees who served the DFA for at least 15 years to enhanced retirement benefits, including a monthly pension differential.

This is the difference between the DFA-adjusted pension and the actual monthly pension provided by the Government Service Insurance System, multiplied by an adjustment factor initially set at 50%, subject to review after five years. — Chloe Mari A. Hufana