EXECUTIVE ORDER NO. 14

: All surviving SSS and EC pensioners as of August 31, 1992, are entitled to the 10% increase in their monthly pensions.
: SSS permanent partial disability pensioners are entitled to a monthly supplemental pension of three hundred pesos (P300).
: Yes. SSS permanent total disability pensioners were already entitled to a monthly supplemental pension of three hundred pesos (P300) under Executive Order No. 400 effective May 1, 1990.
: The provisions took effect on September 1, 1992.
: Due to the prevailing economic conditions and the increase in prices of practically all commodities, it was deemed necessary to make pensions more meaningful and responsive to the times.
: Permanent partial disability pensioners, who were not previously entitled to supplemental pensions, must be financially assisted to cover additional expenses arising from their disability, similar to those experienced by permanent total disability pensioners.
: Actuarial studies showed that the SSS and EC funds could finance a 10% pension increase and a P300 supplemental pension without impairing fund viability or necessitating an increase in contribution rates.
: No. The actuarial studies indicated that the increase and supplemental benefits could be financed without increasing contribution rates.