MANILA - President Rodrigo Duterte has signed a law increasing the monthly old-age pension of veterans of World War II, the Korean War, and the Vietnam War.
Duterte signed Republic Act No. 11164 on Dec. 20 last year. Its copy was released by the Palace on Thursday, Jan. 20.
The old-age pension shall be increased to P20,000 per month, provided that the veterans of the Korean and Vietnam wars are not receiving pension from the Armed Forces of the Philippines.
The entitlement to increase in old-age pension shall also be limited to the eligible living senior veterans and shall not be transferrable to any family members and/or dependents of senior veterans.
The increase shall be charged against the current year’s available appropriation of the Philippine Veterans Affairs Office (PVAO). Sums for the continued implementation of the law shall be included in the annual General Appropriations Act.
“The PVAO shall prioritize the distribution of the benefits granted under this Act from whatever available appropriation that will be included in the annual General Appropriations Act,” the law reads.