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EXECUTIVE ORDERS
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EXECUTIVE
ORDER NO. 400 - GRANTING SUPPLEMENTAL PENSIONS TO THE SOCIAL SECURITY
SYSTEM (SSS) TOTAL PERMANENT DISABILITY PENSIONERS
WHEREAS,
the government recognizes that SSS regular pensions to its disabled
pensioners are intended only to replace part of lost income and do not
consider additional expenditures that arise after the onset of
disability;
WHEREAS, under present economic conditions, SSS total permanent
disability pensioners need additional financial assistance for regular
medication and the acquisition of necessary aids and appliances such as
crutches, artificial limbs and the like;
WHEREAS, certain pensioners who are physically unable to attend to
their personal needs require carer’s allowance;
WHEREAS, actuarial studies show that the expected investment earnings
surplus of the SSS funds for 1990 can finance a supplemental benefit of
P300 a month for SSS total permanent disability pensioners without
requiring additional contributions from SSS members;
Section 1.
Sec. 2.
DONE in the City of Manila,
this 26th day of April, in the year of Our Lord, nineteen hundred and
ninety.
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