• House committee approved the proposed bill to increase the old age pension of Filipino war veterans
• The bill seeks to increase the pension from P5,000 monthly to P20,000 monthly
• The increase in the war veterans’ monthly pension is the country’s way of grateful appreciation for their bravery, service and sacrifice
The proposed bill seeking to increase the monthly old age pension of Filipino war veterans has been approved by the House of Representatives committee on appropriations.
As per the Journal Online, the House committee approved the funding provision of House Bill No. 270 that seeks to increase the current P5,000 monthly pension being received by war veterans to P20,000 per month.
According to the proposed bill, the increase in the World War II, Korean War, and Vietnam War veterans’ monthly pension is the country’s way of grateful appreciation of their bravery, service and sacrifice.
“Our war veterans are literally a dying breed. There will be less of them with us as the years pass by and that’s why we need to pass this measure as soon as possible. Once our war veterans are gone, they are gone forever,” Davao City Rep. Karlo Nograles, the chairman of the committee on appropriations, said.
“The 300 percent increase in old age pension that’s being sought by the measure is a deserved benefit for our veterans. We should guarantee them and their kin a minimum livable pension in accordance with the times. It will relieve them a great deal when it comes to their burden of buying maintenance medicine and other essentials,” he added.
Nograles said funding should not be a problem since the Armed Forces of the Philippines, along with the Department of Education are allotted the biggest portion of the national budget.