Title
Amending Section 2 of R.A. No. 1862 Re: Grant of Benefits to Excluded Retirees
Reference
Executive Order No. 96
Date
1986-12-18

December 18, 1986

EXECUTIVE ORDER NO. 96

FURTHER AMENDING SECTION TWO OF REPUBLIC ACT NO. 1862, AS AMENDED, AND FOR OTHER PURPOSES

WHEREAS, there are certain retirees after June 22, 1957 but before September 10, 1979 who were paid gratuity under cdt

WHEREAS, in full recognition of their military service to the country, the benefits under

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

SECTION 1. Section 2 of

"Sec. 2. Persons who were retired and paid gratuity under said Republic Act Numbered Three hundred forty and/or Republic Act Numbered Sixteen hundred sixteen as amended, with the effective date of retirement after June twenty-two, nineteen hundred fifty-seven but before September ten, nineteen hundred seventy-nine, and who come within the purview of at least clause (b) of the preceding section may, at their option, elect to receive, in lieu of such gratuity paid to them, the annual retirement pay as provided in Section Two of Republic Act Numbered Three hundred forty, as amended, and upon making such election, said persons shall, subject to the provisions and limitations hereinafter provided, be entitled to receive the annual retirement pay as provided in Section Two of Republic Act Numbered Three hundred forty, as amended. The option herein granted may be exercise within five years from the date of the approval of this amendatory Executive Order by the widows and/or minor children of the said retirees who could not exercise the said option by reason of death. Nothing in this section shall be construed as authorizing payment of retirement pay which have accrued prior to the approval of Batas Pambansa Blg. 664 on January 5, 1984."

SECTION 2. Any provision of existing law to the contrary notwithstanding, the amount necessary to implement the provisions of this Executive Order for the current and prior years since the approval of acd

SECTION 3. This Executive Order shall take effect upon its approval.

DONE in the City of Manila, this 18th day of December, in the year of Our Lord, Nineteen Hundred and Eighty-Six.

Published in the Official Gazette, Vol. 83 No. 2 page 99 on January 12, 1987.