Revilla proposes new round of increase in monthly pension of war veterans

(Eagle News)–Senator Bong Revilla is proposing a new round of increase in the monthly pension of war veterans.

Revilla’s proposal for a P3000 monthly increase  comes after the enactment of a law that increased their existing monthly pension by P15,000.

With the passage of RA 11164 on Dec. 20, the war veterans in World War II, Korean War and the Vietnam War receive a montjly pension of P20,000, up from P5000.

“More than the monetary value of this proposed measure, we are showing our veterans that to this day, we have not forgotten their loyalty and bravery,” Revilla said in filing Senate Bill No. 456.

Under Revilla’s measure, the monthly pension shall be granted directly to the war veteran.

In case of death, the measure said his pension shall be released in favor of his surviving spouse.

In case of the war veteran’s incapacity, on the other hand, the pension shall be released to the oldest legitimate child.

The funds for the increase under the measure  will be included in the yearly appropriations of the Department of National Defense.

“This will be of great help to our veterans and their dependents during these trying times where the cost of our basic necessities is at an all-time high,” Revilla said.