Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law)
Act No. 3769, enacted on November 28, 1930, amends Section 13 of the Teachers' Pension Law. It stipulates that pensions will be paid quarterly without deductions for exchange or transmission costs. Additionally, pensions will be suspended for individuals reemployed in government positions if their earnings exceed 50% of their pension amount. The Director of Education is responsible for maintaining accurate records and overseeing the Teachers' Pension and Disability Fund. The definition of "basic salary" excludes bonuses and additional compensations.
Quick Answers
- What is Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law) about?
- Act No. 3769, enacted on November 28, 1930, amends Section 13 of the Teachers' Pension Law. It stipulates that pensions will be paid quarterly without deductions for exchange or transmission costs. Additionally, pensions will be suspended for individuals reemployed in government positions if their earnings exceed 50% of their pension amount. The Director of Education is responsible for maintaining accurate records and overseeing the Teachers' Pension and Disability Fund. The definition of "basic salary" excludes bonuses and additional compensations.
- What type of law is Act No. 3769?
- Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law) (Act No. 3769) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law) enacted?
- Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law) (Act No. 3769) was enacted on Nov 28, 1930.
- What is the citation for Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law)?
- Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law), Act No. 3769, Nov 28, 1930 (Philippines)
Law Information
- Reference Number
- Act No. 3769
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 28, 1930
ACT NO. 3769
AN ACT TO AMEND SECTION THIRTEEN OF ACT NUMBERED THREE THOUSAND AND FIFTY, COMMONLY KNOWN AS THE TEACHERS' PENSION LAW
SECTION 1. Section thirteen of Act Numbered Three thousand fifty, commonly known as the Teachers' Pension Law, is hereby amended to read as follows:
"SEC. 13. All pensions shall be paid in quarterly installments on January first, April first, July first, and October first of every fiscal year by Government warrant or other means which will guarantee safe delivery with no reduction in the pension for exchange or for transmitting the same.
"Persons receiving lifelong annual pensions from the Philippine Government shall have the amount of the same deducted from the pension they receive through the operation of this Act. Persons reemployed in the Government service and receiving salary, pay or compensation for services rendered as an employee of any branch of the Government of these Islands, including municipalities and provinces in the Philippines shall have the pension discontinued for such periods of employment in each case where the pay, salary or compensation is equal to or greater than fifty per centum of the pension received under the provisions of this Act.
"All records of manipulations of the 'Teachers' Pension and Disability Fund' and disbursements from the same and all accounts of payments made out of said fund shall be kept and made by the Director of Education, under the supervision of the 'Pension and Investment Board.'"
"The term 'basic salary, pay or compensation' whenever used in this Act shall be so construed as to exclude from the operation of this Act the provisions of Act Numbered Twenty-five hundred and eighty-nine, all bonus, allowances, overtime pay, or other compensation given in addition to the basic pay or other compensation of the position as fixed by law or regulation."
SECTION 2. This Act shall take effect on its approval.
Approved, November 28, 1930.
Cite This Law
Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law), Act No. 3769, Nov 28, 1930 (Philippines)
Amendment to Sec. 13 of Act No. 3050 (Teachers' Pension Law), Act No. 3769 (Phil. 1930)
Related Laws
- Amendment to Sec. 2 of Act No. 3050 (Teachers' Pension Law)Act No. 3629 • Dec 6, 1929 • Statutes
- Amendment to Sec. 12 of Act No. 3050 (Teachers' Pension Law)Act No. 3768 • Nov 28, 1930 • Statutes
- Amendments to Act No. 3050 (Teachers Pension Law, as Amended)Act No. 4010 • Dec 5, 1932 • Statutes
- Amendment to Sec. 13 of Act No. 3050Act No. 3840 • Nov 9, 1931 • Statutes
- An Act to Provide Annual Pensions for Teachers Employed in the Philippine Public Schools; to Appropriate Money and Regulate the Disbursement ThereofAct No. 3050 • Mar 10, 1922 • Statutes
- Authority to Teachers Contributing to the "Teachers' Pension and Disability Fund" to Secure Loans TherefromAct No. 3939 • Nov 29, 1932 • Statutes
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