MUNTINLUPA City Rep. Rozzano Rufino Biazon has filed a bill that seeks to establish a college education trust fund for children of Government Security and Insurance System and Social Security System members.

House Bill 760 or the proposed College Education Trust Fund Act aims to provide better opportunities for children of SSS and GSIS members, Biazon explained.

“This bill proposes to further broaden opportunities for higher education by enabling qualified SSS and GSIS members to insure the college education of their children through the College Education Trust Fund,” he said in his explanatory note.

The lawmaker explained that the fund will come from the premiums paid by the members to guarantee the completion of a basic four year or five year college course.

The insurance plan will be optional and the benefits can only be availed of by members who have completed their policy prior to enrollment of their children in college.

“The GSIS or SSS, as the case may be, will pay the college education of the child no matter what the cost at the time of enrollment. It is in effect paying for a child’s education tomorrow at today’s prices,” Biazon  explained.

The benefits include payment for non-standard fees such as materials, books, supplies and board and lodging expenses.

“The bill likewise provides incentives to scholars and enrollees of courses in agriculture, fishery, forestry, science and technology,” Biazon said.