EXECUTIVE ORDER NO. 729 - INCREASE THE RETIREMENT PENSION OF OFFICERS AND ENLISTED PERSONNEL RETIRED OR SEPARATED PRIOR TO MAY 1, 1979 OR THEIR SURVIVING HEIRS

WHEREAS, General Order No. 11 dated September 20, 1972; Budget Circular No. 240 dated July 1, 1974; and Presidential Decree No. 854 dated December 22, 1975 at different periods increased the Base Pay of military personnel on active duty with the Armed Forces of the Philippines without increasing the pension rates of the military personnel retired or separated prior to July 1, 1981;

WHEREAS, P.D. No. 1065, increasing the pension rates of military personnel of the Armed Forces of the Philippines retired or separated prior to January 1, 1976, allowed only an amount equivalent of fifty per centum of the difference between the pension rate for each grade based on the base pay prescribed in Presidential Decree No. 845, and in General Order No. 11 including the increased based on Budget Circular No. 240;

WHEREAS, on September 10, 1979, the President approved Letter of Implementation No. 99, adopting a new salary schedule for the uniformed personnel of the Armed Forces of the Philippines and which was adjusted on March 1, 1981 by Executive Order 658 but which did not make provisions for increasing the beneficial of those who were retired or separated from the military service; and  

WHEREAS, it is necessary to update the pension rates of AFP pensioners to enable them to meet the rising cost of living.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order and direct:

1. The pension received by retired commissioned officers or enlisted personnel or their surviving heirs and beneficiaries on or before April 30, 1979 as determined under Republic Act No. 340, as amended shall be increased according to the following schedule:

Percentage
  Retiree Classifications   Increase

Group I — covers retirees and/or  16%

beneficiaries of prior years up
to September 30, 1972 with ranks
from General to Private whose
pension or retirement benefits were
computed on the basis of salary
rates provided under R.A. No. 6104.

their beneficiaries from October 1,
1972 to June 30, 1974 whose
pension or retirement benefits were
computed on the basis of salary
rates under R.A. No. 6104 and
General Order No. 11.

their beneficiaries from July 1, 1974
to December 31, 1975 whose
pension or retirement benefits
were computed on the basis of
salary rates under B.C. No. 240.

their beneficiaries from January 1,
1976 to April 30, 1979 whose
pension or retirement benefits were
computed on the basis of salary
rates under P.D. No. 854.

Since 19.07.98.