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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 14 - GRANTING
AN ACROSS-THE-BOARD PENSION INCREASE TO ALL SSS AND EC PENSIONERS AND
SUPPLEMENTAL PENSIONS TO SSS PERMANENT PARTIAL DISABILITY PENSIONERS
WHEREAS, in the light of present economic
conditions with increase in prices of practically all commodities, it
is deemed necessary and timely to further increase and enhance the
pensions of Social Security and Employees’ Compensation to make them
more meaningful and responsive to the times;
WHEREAS, the government recognizes the 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 Executive Order No. 400, which took effect on May 1,
1990, SSS permanent total disability pensioners are entitled to a
monthly supplemental pension of three hundred pesos (P300) as financial
assistance for regular medication and the acquisition of necessary aids
and/appliances;
WHEREAS, SSS permanent partial disability pensioners, who are not
entitled to a monthly supplemental pension, must likewise be
financially assisted in the additional total disability pensioners;
WHEREAS, actuarial studies show that the SSS and EC funds can further
finance a 10% across-the-board pension increase to all SSS and EC
pensioners as of August 31, 1992, and a supplemental benefit of P300 a
month for SSS permanent partial disability pensioners without impairing
the viability of both funds nor necessitating an increase in the rates
of contribution;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:
Section 1.
Sec. 2.
Sec. 3.
DONE in the City of Manila,
this 25th day of August, in the year of Our Lord, nineteen hundred and
ninety-two.
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