Increase Old-Age Pension for Senior Veterans

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Republic Act No. 11164: Increase Old-Age Pension for Senior Veterans

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Title Source: Supreme Court: Increase Old-Age Pension for Senior Veterans

Law: Republic Act No. 11164

Decision Date: Dec 20, 2018

Republic Act No. 11164 increases the monthly old-age pension of eligible senior veterans of World War II, Korean, and Vietnam wars to P20,000.00 per month, with funding initially provided by the Philippine Veterans Affairs Office and subsequent funding included in the annual General Appropriations Act.

Law Summary

Increase in Old-Age Pension

Monthly old-age pension for eligible veterans of World War II, Korean War, and Vietnam War increased to PHP 20,000.
Increase applies only to Korean and Vietnam War veterans who are not receiving a pension from the Armed Forces of the Philippines (AFP).
The increased pension is limited to living eligible senior veterans.
The pension increase is non-transferable to family members or dependents.

Funding for Pension Increase

Initial funding for the pension increase will come from the current year's appropriations allocated to the Philippine Veterans Affairs Office (PVAO).
Future funding will be included in the annual General Appropriations Act.
The PVAO is tasked with prioritizing the distribution of benefits from available appropriations under this Act.

Repealing Clause

All laws or parts of laws inconsistent with this Act are repealed or modified accordingly.

Effectivity Clause

The Act takes effect 15 days after publication in the Official Gazette or in at least two national newspapers of general circulation.

END