Law Summary
Benefits for Heirs of Deceased Justices
- If a Justice dies while in service and is eligible for benefits, heirs receive a lump sum equal to five years' salary.
- If not yet eligible, heirs receive a lump sum equivalent to two years' salary plus reimbursement of premiums paid under the Act.
- Similar benefits extend to Justices retiring early due to infirmity certified by the court.
Retirement Benefit Payments Structure
- Upon retirement, a Justice receives an automatic lump sum equivalent to five years of the monthly salary at retirement.
- After this period, a monthly annuity equal to the retirement salary is payable for life if the Justice survives beyond five years.
Option for Justices with Prior Retirement Gratuity Benefits
- Justices entitled to prior gratuity benefits may choose between those benefits or the current Act's provisions.
- Choosing this Act's benefits excludes entitlement to prior gratuities.
- If a Justice retired under a previous law is reappointed, benefits under the current Act apply but must refund any previously received gratuity through monthly deductions.
Enforcement and Contribution Requirements
- The Government Service Insurance System (GSIS) administers and enforces this Act.
- No Justices may receive pensions or gratuities unless they contribute a monthly premium of 50 pesos starting the month after the Act's approval or after their qualification as Justice.
Repeal of Conflicting Legislation
- Commonwealth Act No. 536 and any laws conflicting with this Act are repealed.
Effectivity
- The Act takes effect immediately upon approval on June 20, 1953.