Supplemental Pension for Disability Pensioners
- Notes that under Executive Order No. 400 (effective May 1, 1990), SSS permanent total disability pensioners receive a monthly supplemental pension of P300.
- Identifies a gap where SSS permanent partial disability pensioners do not receive similar supplemental pensions despite incurring similar additional expenses.
- Seeks to address the financial assistance needs of permanent partial disability pensioners similar to permanent total disability pensioners.
Financial and Actuarial Considerations
- Actuarial studies indicate sufficient funds within SSS and EC to finance a 10% across-the-board pension increase for all pensioners as of August 31, 1992.
- Confirms the funds can also support a supplemental monthly pension of P300 for permanent partial disability pensioners.
- Assures that these increases will not impair fund viability or require increased contribution rates.
Provisions of the Executive Order
- Section 1: Grants a 10% across-the-board increase in monthly pension for all surviving SSS and EC pensioners as of August 31, 1992.
- Section 2: Entitles SSS permanent partial disability pensioners to a monthly supplemental pension of three hundred pesos (P300).
- Section 3: Sets the effective date of the order as September 1, 1992.
Implementation and Authority
- The order is issued under the legal authority vested in the President of the Philippines.
- Officially signed by President Fidel V. Ramos in Manila on August 25, 1992.
- Administrative authority delegated and certified by the Senior Deputy Executive Secretary.