Republic Acts1 min read
Section 3Sec./Art. 3
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Section 9 of Republic Act No. 6948 is hereby repealed and Section 10 of Republic Act No. 6948 is hereby amended to read as follows:
"Section 10.Eligibility. A veteran as defined in Section 2(a) of this Act who is at least sixty-five (65) years old shall be paid an old-age pension of One thousand pesos (₱1,000.00) monthly for life, unless he is actually receiving a similar pension for the same consideration from other government funds or from the United Sates Government:Provided,That in the succeeding years starting January, 1995, said One thousand pesos (₱1,000.00) monthly old-age pension shall be increased annually by not less than Five hundred pesos (1a⍵⍴h!1P500.00) per month until total old-age pension shall be at least Five thousand pesos (₱5,000.00) per month."
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