Question & AnswerQ&A (Acts No. 4010)
The primary purpose of Act No. 4010 is to amend Sections 1 and 2 of Act No. 3050, commonly known as the "Teachers Pension Law," by providing a minimum age limit for retirement and other related provisions.
All teachers, principals, supervisors, inspectors, superintendents, and other persons employed in supervising and directing school work in public school service of municipalities, provinces, and the Insular Government, with at least twenty years of service and who have not been removed for cause, are eligible for retirement on an annuity.
No, persons who are not citizens of the Philippine Islands or the United States of America are not included in the provisions of this Act.
Yes, no person appointed from June 1, 1935, onwards shall be given retirement if, at the date of filing the application for retirement, the person has not completed the age of fifty years.
No, lecturers and other special instructors who render provisional service are not eligible for pension, nor is such service counted as teaching service for computing length of service.
The annuity is a fractional part of the average pay, salary, or compensation for the three years of service prior to granting the pension, with a maximum average pay not exceeding six thousand pesos per annum. The rate varies based on years of service.
- 20 years: 0.4 (four-tenths) of the average salary - 23 years: 0.5 (five-tenths) - 26 years: 0.6 (six-tenths) - 29 years: 0.7 (seven-tenths) - 32 or more years: 0.8 (eight-tenths)
They must contribute a sum equal to three percent of their basic salaries, which shall in no case be less than three percent of their basic salaries as of December 1932, until they retire.
Yes, teachers, principals, supervisors, inspectors, and superintendents detailed in the Department of Public Instruction and engaged principally in inspection and supervision of private schools are entitled to pension under this Act.
The Act took effect on January 1, 1934.