President Ferdinand Marcos, Jr.signs law raising veterans' disability pension

 

JUST IN: President Ferdinand Marcos, Jr. approves 3 laws:   

- RA No. 11958 which raises the disability pension of veterans 

- RA No. 11960 which establishes the One Town, One Product (OTOP) PH, that provides support services for MSME's

- RA No. 11961 or strengthening the conservation and protection of Philippine cultural heritage through cultural mapping and enhanced cultural heritage education program

Disability rates correspond to the following monthly pension amounts. 

 31 to 40 percent - P5,300 (from P675)

 41 to 50 percent - P6,100 (from P750) 

 51 to 60 percent - P6,900 (from P825)

 61 to 70 percent - P7,700 (from P900) 

 71 percent to 80 percent - P8,500 (from P975)

 81 percent to 90 percent - P9,300 (from 1,050) 

 91 percent to 100 percent - P10,000 plus P1,000 for the spouse and each unmarried minor children (from P1,125.00 plus P150 each for the spouse and unmarried minor children)

On the pension for veterans with full disability, the law provided that the veteran, upon reaching the age of 70 is "deemed disabled and shall be entitled to a monthly pension of P1,700."

"Provided, further, That the entitlement to the disability pension authorized herein shall be prospective and limited to eligible living veterans only," the law read. 

In a statement, Sen. Jinggoy Estrada thanked the President for approving the law that raised the disability pension by around 488 percent. 

The Act Rationalizing the Disability Pension of Veterans amends Republic Act No. 6948, or the law that standardizes and upgrades the benefits of military veterans and their dependents.