300% Increase signed by Duterte on Pension for War Veterans πŸ‡΅πŸ‡­ ~SHARE to spread the Good News! - The Most Popular Lists

Breaking

300% Increase signed by Duterte on Pension for War Veterans πŸ‡΅πŸ‡­ ~SHARE to spread the Good News!

WAR VETERANS. Celestino Almeda, a Filipino veteran representing the Philippine Commonwealth Army, is greeted by other guests during a U.S. Congress ceremony recognizing their contributions. Photo by Alex Wong/Getty Images/AFP

President Rodrigo R. Duterte has signed a law increasing the monthly pension of war veterans to “300%” beginning this year.

The pension for Filipinos who fought in World War II and the Korean and Vietnam wars has been quadrupled under a newly signed law.

President Rodrigo Duterte signed Republic Act No 11164 on December 20, 2018, raising the monthly old-age pension of war veterans from P5,000 to P20,000.

MalacaΓ±ang released a copy of the law on Thursday, January 10.



However, those who receive the P20,000-pension should not be recipients of any pension from the Armed Forces of the Philippines.



Section 2 of the law states: “The old-age pension of veterans of World War II, Korean and Vietnam wars shall be increased to P20,000 per month: Provided, that the veterans of Korean and Vietnam wars are not receiving pension from the Armed Forces of the Philippines (AFP): Provided, further, that the entitlement to the increase in old-age pension shall be limited to the eligible living senior veterans and shall not be transferable to any family members and/or dependents of the senior veterans.”





The higher pension may also only be given to eligible living senior veterans. It cannot be transferred to family members or dependents of the veterans.

The funds for the higher pension will be taken from the Philippine Veterans Affairs Office.


No comments:

Post a Comment

Enjoyed this article?

We appreciate any amount of donation to keep the inspiring stories coming from our team! πŸ™