EXECUTIVE ORDER NO. 400, April 26, 1990

[ EXECUTIVE ORDER NO. 400, April 26, 1990 ]

GRANTING SUPPLEMENTAL PENSIONS TO 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;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

SECTION 1. Effective May 1, 1990, the total permanent disability pensioners of the Social Security System (SSS) shall be entitled to a monthly supplemental pension of three hundred pesos (P300).

SECTION 2. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 26th day of April, in the year of Our Lord, nineteen hundred and ninety.

(Sgd.) CORAZON C. AQUINO

By the President:

(Sgd.) CATALINO MACARAIG, JR. Executive Secretary