REPUBLIC ACT No. 4627
AN ACT TO AMEND REPUBLIC ACT NUMBERED NINE HUNDRED AND TEN, AS AMENDED BY REPUBLIC ACT NUMBERED TWENTY-SIX HUNDRED FOURTEEN.
Section 1. Sections two and three of Republic Act Numbered Nine hundred ten, as amended by Republic Act Numbered Twenty-six hundred fourteen, are hereby further amended to read as follows:
"Sec. 2. In case a Justice of the Supreme Court or of the Court of Appeals or a Judge of the Court of First Instance, Industrial Relations. Agrarian Relations, Tax Appeals of Juvenile and Domestic Relations dies while in actual service, his heirs shall receive a lump-sum equivalent to five years' salary based upon the salary that said Justice or Judge was receiving at the time of his demise, if by reason of his length of service in the government he was already entitled to the Benefits of this Act. The same benefit provided in this section shall be extended to any incumbent Justice of the Supreme Court or of the Court of Appeals or a Judge...
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Republic Acts
AN ACT TO AMEND REPUBLIC ACT NUMBERED NINE HUNDRED AND TEN
Republic Act No. 4627
Summary of Republic Act No. 4627
Retirement and Death Benefits for Justices and Judges
- Lump-sum payment upon death while in actual service (Sec. 2):
• Heirs shall receive a lump-sum equivalent to five years' salary based on the salary the Justice or Judge was receiving at the time of demise.
• Applicable if the Justice or Judge was already entitled to the benefits of this Act by reason of length of service in the government.
- Lump-sum payment upon retirement or incapacitation (Sec. 2):
• A Justice or Judge who retires upon reaching the age of 70 or due to illness, certified by the appropriate authority, shall receive a lump-sum equivalent to five years' salary based on the last annual salary.
- Annuity upon retirement (Sec. 3):
• Upon retirement, a Justice or Judge shall be entitled to a lump-sum payment of five years' salary based on the last annual salary.
• After the expiration of the five-year period, the Justice or Judge shall receive a further annuity payable monthly during the residue of their natural life, equivalent to the amount of the monthly salary they were receiving on the date of retirement.
- Appropriation (Sec. 2):
• Necessary funds to carry out the purposes of this Act shall be appropriated from the National Treasury.
- Effective Date (Sec. 3):
• This Act shall take effect upon its approval.
Retirement and Death Benefits for Justices and Judges
- Lump-sum payment upon death while in actual service (Sec. 2):
• Heirs shall receive a lump-sum equivalent to five years' salary based on the salary the Justice or Judge was receiving at the time of demise.
• Applicable if the Justice or Judge was already entitled to the benefits of this Act by reason of length of service in the government.
- Lump-sum payment upon retirement or incapacitation (Sec. 2):
• A Justice or Judge who retires upon reaching the age of 70 or due to illness, certified by the appropriate authority, shall receive a lump-sum equivalent to five years' salary based on the last annual salary.
- Annuity upon retirement (Sec. 3):
• Upon retirement, a Justice or Judge shall be entitled to a lump-sum payment of five years' salary based on the last annual salary.
• After the expiration of the five-year period, the Justice or Judge shall receive a further annuity payable monthly during the residue of their natural life, equivalent to the amount of the monthly salary they were receiving on the date of retirement.
- Appropriation (Sec. 2):
• Necessary funds to carry out the purposes of this Act shall be appropriated from the National Treasury.
- Effective Date (Sec. 3):
• This Act shall take effect upon its approval.