QuestionsQuestions (EXECUTIVE ORDER NO. 535)
EO No. 535 rationalizes the pension/incentive scheme for retired Olympic and Asian Games medalist-athletes by continuing the monthly incentive allowance under Administrative Order No. 352 and adding supplemental cash incentives tied to Republic Act No. 9064, with funding sourced from PAGCOR remittances.
It provided a monthly incentive allowance plan to all living Olympic and Asian Games medalists who are 40 years old and over, and to all living Olympic/Asian Games medalists who are incapacitated regardless of age.
It estimated the initial budgetary requirement at P10.5 million.
From the regular budget of the Philippine Sports Commission (PSC).
It noted that, in accordance with AO No. 352 and various PSC Board resolutions, the PSC Board approved monthly pensions to 22 former athletes, 20 of whom are still alive.
It directs the PSC to continue granting monthly incentive allowance to the 20 living former athletes previously granted such allowance under various board resolutions.
It provides that PAGCOR shall remit the amount necessary for the monthly incentive allowance to the PSC to be credited to its income share pursuant to Republic Act No. 6847.
It adds that the PSC shall grant to the same 20 living former athletes 50% of the cash incentives provided under Section 8 of Republic Act No. 9064.
It explains that RA 9064 gives certain incentives to national athletes who won gold/silver/bronze (with exceptions stated), and that for those who had won prior to RA 9064’s enactment, the incentive entitled is the difference between the cash award under AO 352 and the cash award under RA 9064—effectively rationalizing overlap between the two schemes.
It mandates that PAGCOR shall remit the amount necessary for the cash incentives to the National Sports Development Fund of the PSC.
PAGCOR must remit: (1) amounts necessary for the monthly incentive allowance to the PSC (to be credited to its income share under RA 6847), and (2) amounts necessary for the cash incentives to the National Sports Development Fund of the PSC.
It limits benefits to “the twenty (20) living former athletes granted such allowance in various board resolutions,” and later repeats that Section 2 applies to the same 20 living former athletes.
No. The operative provisions expressly cover the 20 living former athletes; the 2 deceased athletes are mentioned only in the background.
It states that the EO shall take effect immediately.