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PRESIDENTIAL DECREE NO. 1148
PRESIDENTIAL DECREE NO. 1148 -
AMENDING AND INCREASING THE PENSION OF THE TEACHERS RETIRED UNDER ACT
NO. 3050, AS AMENDED
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WHEREAS,
there are still about three hundred teachers receiving pension under
Act No. 3050, as amended;chanroblesvirtualawlibrary
WHEREAS, the pension for these teachers is now below the subsistence
level;chanroblesvirtualawlibrary
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;chanroblesvirtualawlibrary
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:cralaw:red
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 hereby appropriated for the
current fiscal year and annually thereafter, out of any funds in the
National Treasury not otherwise appropriated, sums as may be necessary
to cover the increase in pensions provided herein.
Section 3. This Act shall take effect immediately.
DONE in the City of Manila,
this thirty-first of May, in the year of Our Lord, nineteen hundred and
seventy-seven.
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