Promise 122: Expedite process of pension remittance for veterans

Economy, Jobs, Asset Reform

Posted at Jul 20 2012 01:13 AM | Updated as of Jul 24 2015 08:46 PM


The Promise
In his speech in commemoration of Araw ng Kagitingan last April, Aquino said the country’s veterans “will be able to receive their pension in a faster and more efficient manner” through the Direct Remittance Pension Servicing System.


President Aquino’s speech in commemoration of Araw ng Kagitingan 2012

In progress

July 30, 2014 - As another Veterans Day passed, Filipino World War II veterans and their allies continue to wait for equity. (Continue reading)

October 16, 2013 - The Department of Budget and Management has released some P1.59 billion for the regular pension requirements of military veterans for October to December this year. (Continue reading)

May 10, 2013 - President Aquino signs the Total Administrative Disability (TAD) pension of World War II veterans, which will give priority in the payment of TAD pension to those at least 80 years old. Pensioners are also to get an additional P1,700 on top of veterans’ current Old Age pension of P5,000 per month. (Continue reading)

December 2012 - The Philippine Veterans Affairs Office (PVAO) inks partnership with Asia United Bank, Development Bank of the Philippines, Land Bank of the Philippines, Maybank Philippines, Inc., Philippine Veterans Bank, and United Coconut Planters Bank to provide more convenient and efficient service to veterans through Direct Remittance Pension Servicing System. (Continue reading)