Question & AnswerQ&A (Act No. 3769)
Pensions shall be paid in quarterly installments on January first, April first, July first, and October first of every fiscal year.
Pensions shall be paid by Government warrant or other means which guarantee safe delivery without reduction for exchange or transmitting.
The amount of the lifelong annual pensions received from the Philippine Government shall be deducted from the pension they receive under this Act.
The pension is discontinued for periods of government employment where the pay, salary, or compensation is equal to or greater than fifty percent of the pension received under this Act.
Employees of any branch of the Government of the Philippines, including municipalities and provinces, are included.
The Director of Education, under the supervision of the Pension and Investment Board, is responsible.
It excludes bonuses, allowances, overtime pay, or other compensation given in addition to the basic pay as fixed by law or regulation and excludes provisions of Act Numbered Twenty-five hundred and eighty-nine.
No, the Act mandates no reduction in pension for exchange or for transmitting pensions.
The Act took effect upon its approval on November 28, 1930.
It amends Section Thirteen of Act Numbered Three thousand fifty, commonly known as the Teachers' Pension Law.