CCononess oF nee Pmurres Se, } 1 “(Three hundred pesos (P30; plus 2 Gil) Twenty percent (20%) of the average moothly salary credit; plas “(lii) Two percent (2%) of the average monthly salary exe foreach credited year of sevice in exes of tn (10) HOUSE OF REPRESENTATIVES No. 5842 yeas or ee eee ee “@2) Forty percent (40%) of the average monthly salary By REPRESENTATIVES COLMENARES, ZARATE, VILLAR, SACDALAN, : Gad Punacus-AcdsAs, Pats, GURGAD Mason, Pace A ° 0) One hove pens (P1000): Provided, That he PER COMMITTES KRPORT NO. 763 10 ‘monthly pension shall in no case be paid for an aggregate amount ‘of les than sixty (60) months. AN ACT MANDATING A TWO THOUSAND PESO (P2,000) 2 (0) Nowwithstanding the preceding paragraph, the ‘ACROSS-THE-BOARD INCREASE IN THE MONTHLY PENSION, i ‘WITH. CORRESPONDING ADJUSTMENT OF THE MINIMUM Ne ee eee caren ine MONTHLY PENSION UNDER THE SOCIAL SECURITY SYSTEM. Inundred pesos (P1,200)] THREE THOUSAND TWO HUNDRED SECTION 12 OF REPUBLI CT NO. TI6I, AS AMENDED? OTHERWISE KNOWN AS THE (73.200) for members with at least ten (10) credited years of “SOCIAL SECURITY ACT OF 1997" servic aod [Two thousand four hundred pesos (P2.400)] FOUR ‘Be it enacted by the Senate and House of Representatives of the Philippines in ‘THOUSAKD, FOUR HUNDRED PESOS (P4400) for those with Comarens aateneiee: ‘twenty (20) credited years of service.” SECTION 1. Any provision of law to the contrary notwithstanding, the ‘80.3. Any law, presidential decree or issuance, executive order, eter 2 Social Security Commission is hereby mandated to implement a Two thousand 0 of instruction, administrative order, rule, of regulation inconsistent with this 3 peso (P2,000) across-the-board increase in the monthly pension under the a a one conaers ‘or amended accordingly. 2 4. This Act shall take effect fifeen (15) days ater its Soolal Security Systecs. at : (35) days afte its publication Sec. 2. Section 12 of Republic Act No. 1161, as amended by Republi 23 inthe Official Gazette or in a newspaper of general circulation, Act No, 8282, is hereby further amended to read as follows: ‘Approved, “Sec. 12. Monthly Pension. ~ (a) The monthly pension shall be the highest of the following emounts: (1) The sum of the following: