Amending And Increasing The Pension Of The Teachers Retired Under Act No. 3050, As Amended
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Amending And Increasing The Pension Of The Teachers Retired Under Act No. 3050, As Amended
Presidential Decree No. 1148
May 31, 1977
Case Overview and Summary
Summary of Presidential Decree No. 1148Increasing Pension for Teachers Retired Under Act No. 3050
- The pension of teachers who retired under Act No. 3050 shall be increased by one hundred pesos (₱100) monthly. (Section 1)
- The pension of beneficiaries of retired teachers under Act No. 3050 shall be increased by fifty pesos (₱50) monthly per beneficiary. (Section 1)
- Funds necessary to cover the increase in pensions shall be appropriated annually from the National Treasury. (Section 2)
- The decree took effect immediately upon issuance on May 31, 1977. (Section 3)
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Amending And Increasing The Pension Of The Teachers Retired Under Act No. 3050, As Amended
Presidential Decree No. 1148
•May 31, 1977
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1148
AMENDING AND INCREASING THE PENSION OF THE TEACHERS RETIRED UNDER ACT NO. 3050, AS AMENDED
WHEREAS, there are still about three hundred teachers receiving pension under Act No. 3050, as amended;
WHEREAS, the pension for these teachers is now below the subsistence level;
WHEREAS, the welfare of these old teachers, who have spent long and dedicated service in the government as teachers, is of paramount concern to the government;
WHEREAS, present economic conditions demand that their pensions be increased in such amount as to adequately support them and their dependents in their old age.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following;
Section 1. The pension presently received by the teachers who retired under Act No. 3050 shall be increased by one hundred pesos monthly and those of their beneficiaries shall be increased fifty pesos monthly per beneficiary.
Section 2. There is...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
teachers
pension
retirement
Act No. 3050
increase
beneficiaries
appropriation
National Treasury
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1148
AMENDING AND INCREASING THE PENSION OF THE TEACHERS RETIRED UNDER ACT NO. 3050, AS AMENDED
WHEREAS, there are still about three hundred teachers receiving pension under Act No. 3050, as amended;
WHEREAS, the pension for these teachers is now below the subsistence level;
WHEREAS, the welfare of these old teachers, who have spent long and dedicated service in the government as teachers, is of paramount concern to the government;
WHEREAS, present economic conditions demand that their pensions be increased in such amount as to adequately support them and their dependents in their old age.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following;
Section 1. The pension presently received by the teachers who retired under Act No. 3050 shall be increased by one hundred pesos monthly and those of their beneficiaries shall be increased fifty pesos monthly per beneficiary.
Section 2. There is...
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