Question & AnswerQ&A (EXECUTIVE ORDER NO. 282)
The Philippine Economic Zone Authority (PEZA) assumes all powers, functions, and responsibilities of the EPZA that are not inconsistent with Republic Act No. 7916.
All funds, unexpended appropriations, properties, equipment, assets, records, choses in action, and other rights of the EPZA are transferred to the PEZA.
A special committee constituted by the PEZA Director-General, assisted by the Commission on Audit, is responsible for conducting a complete accounting, physical inventory, and audit within 90 days from the effectivity of the order.
Yes, all lawful and binding contracts, agreements, obligations, and liabilities entered into by EPZA before the Order take effect remain in full force and effect unless terminated, modified, or amended lawfully by the PEZA Board.
The Director-General, with PEZA Board approval, determines the organizational structure and staffing pattern. Permanent personnel from EPZA or related government offices may continue in a holdover capacity unless separated from service.
Permanent employees not included or retained under the new structure or who opt to retire shall receive separation pay of not less than one and one-fourth (1 1/4) months pay for every year of service, along with retirement and other benefit regulations.
They shall continue operations under their existing organic charters until PEZA sets mechanisms for their absorption. Their boards and key management continue in holdover capacity for 45 days to wind up affairs and transition.
It took effect 15 days after its complete publication in two newspapers of general circulation.
Republic Act No. 7916, known as the Special Economic Zones Act of 1995, created PEZA and mandated its evolution from EPZA.