MANILA — President Ferdinand Marcos Jr. has approved measures to increase disability pensions for veterans, a document from Malacanang reveals.
The Veterans Disability Pension Rationalization Act amends Republic Act 6948, the Act Standardizing and Upgrading Benefits for Veterans and Their Dependents.
Under the new law signed on August 24, 2023, if a veteran’s disability rating is between 10 and 30 percent, the monthly pension will be increased from 600 pesos under the old law to 4,500 pesos.
The disability rate is equivalent to the annual annual amount below.
- 31-40 percent – 5,300 pesos (from 675 pesos)
- 41-50 percent – 6,100 pesos (from 750 pesos)
- 51-60 percent – 6,900 pesos (from 825 pesos)
- 61-70 percent – 7,700 pesos (from 900 pesos)
- 71 percent to 80 percent – 8,500 pesos (from 975 pesos)
- 81 percent to 90 percent – 9,300 pesos (1,050 pesos)
- 91 percent to 100 percent – Php 10,000 plus Php 1,000 each for spouse and unmarried minor children (from Php 1,125.00 plus Php 150 each for spouse and unmarried minor children)
Regarding pensions for fully disabled veterans, the law stipulated that once a veteran reaches the age of 70, he or she “is considered disabled and is entitled to a monthly pension of 1,700 pesos.”
“Furthermore, any disability pension eligibility granted herein shall be future and shall be limited to eligible living veterans only,” the law reads.
In a statement, Senator Jingoy Estrada thanked the president for approving a law that would increase disability pensions by about 488 percent.
“The courage and dedication shown by our veterans is immeasurable, and it is only natural that we reward their selflessness with genuine care and support, especially when they face the hardships that arise from their service. It’s fitting,” he added.