Question & AnswerQ&A (Act No. 3157)
The pension and retirement fund accrues from all fines and forfeitures imposed by summary courts, fines imposed upon commissioned officers, three percent of the pay of every officer, and two percent of the pay of every enlisted man, which is deducted monthly from their pay.
All such fines, forfeitures, deductions, and retentions shall be noted and retained on the payroll and deposited with the Insular Treasurer.
The working capital of the fund shall always be maintained at a minimum sum of two hundred and fifty thousand pesos, including business investments.
The Insular Treasurer is authorized to advance, at the beginning of each fiscal year, out of any available balance in the Insular Treasury, as a loan to the fund, such sum as may be necessary to cover the deficiency.
An officer or enlisted man must have twenty or more years of actual and satisfactory service and be at least fifty-five years old, or be prevented from active service due to physical or mental condition, and must retire upon approval by the Governor-General.
The annual pension equals two and one-half percent of the total pay received annually by the officer up to the date of retirement, but in no case to exceed seventy-five percent of the total pay at retirement.
Yes, service rendered by an officer as an enlisted man shall be taken into account for retirement purposes.
No officer, except the Chief of Constabulary, shall be retained in active service after attaining the age of sixty-four years.
Enlisted men receive a retirement pension based on two and one-half percent of their total current pay and allowances annually, not exceeding seventy percent of such total pay and allowances.
The surviving legitimate or acknowledged children of such officer or enlisted man, or his lawful wife if he left no children, are entitled to fifty percent of the pension he would have received.
Payments stop when children attain the age of eighteen years or marry, and payments to the widow cease if she remarries.
Yes, those residing in the Philippines who lack five or more years before completion of the age of fifty-five, are in physical and mental condition for active service, and agree may be recalled as vacancies occur.
The Governor-General has the authority to approve retirement under this Act.
This Act took effect on the date of its approval, March 8, 1924.