In a significant move, the Philippine National Police (PNP) aims to boost the financial well-being of its retired personnel. The recently approved ₱21.6 billion PNP Retirees Pension Increase 2024 shows the government’s commitment to honour the service of dedicated officers.
As the year 2024 unfolds, expectations surround the potential pension hike, addressing rising living costs and providing retired PNP members with a more secure and dignified retirement. While discussions continue, official confirmation remains pending, leaving many retirees curious about their future financial support. Know about current situation, exploring eligibility criteria, payment schedules, and resources for staying informed via this article.
PNP Retirees Pension Increase 2024
Upon retirement from the PNP, personnel are eligible for various pension options based on their years of service and circumstances. Compulsory retirement occurs at age fifty-six (56) for both officers and non-officers, with exceptions for higher ranks. Optional retirement is available after twenty years of service.
Total Permanent Physical Disability (TPPD) benefits apply to those permanently and totally disabled due to duty-related injuries or sickness. The total monthly pension is calculated based on the retired grade’s basic salary and longevity pay, gradually increasing over years of service. The PNP continues to evaluate and adjust pension provisions to support retired personnel during their post-service phase.
The government of Philippines, in a recent statement, addressed the issue of rising inflation and its subsequent impact on the cost-of-the living for the people, specifically for the retired police officers and personnels. It is expected that there might be eminent PNP Retirees Pension Increase in 2024 by 14% across all departments with the recently approved bill which keeps ₱21.6 billion for PNP Retirees Pension Increase in 2024.
Details Overview on PNP Retirees Pension Increase
| Name | PNP Retirees Pension Increase 2024 |
| Country of Origin | Philippines |
| Regulating body / Department | Department of Finance
Bureau of the Treasury |
| Year | 2024 |
| Category | Government Aid – Finance |
| Objective | Improve retired policemen pension with rising inflation |
| Applicable persons | Retired policemen |
| Age Limit | 56+ years (uniformed personnel)
65+ years (non-uniformed personnel) |
| Amount (one time)
Amount (per month) |
₱50,000 – ₱10,00,000
₱20,000 to ₱35,000 |
| Dates in February | 24 February 2024
26 April 2024 |
| Website | prbs.pnp.gov.ph |
Who is Eligible to get Increase Pension Amount in 2024
The eligibility criteria for PNP Retirees Pension Increase 2024in the Philippines depends upon the specific retirement plan and regulations.
- Service Requirements:
- Minimum service: They must have completed at least 20 years of service in the PNP.
- Retirement age: They must have reached the mandatory retirement age of 56 years old for uniformed personnel or 65 years old for non-uniformed personnel.
- Honorable discharge: They must have been discharged from service with honorable status, meaning their service record is free of serious disciplinary actions or offenses.
- Additional Requirements:
- GSIS membership and contributions: They must be a member of the Government Service Insurance System (GSIS) and have made the necessary contributions throughout their service period.
- Retirement plan selection: They may need to choose a specific retirement plan offered by the GSIS, which can affect their pension amount.
Chances of Increase
While there have been discussions and media reports regarding a potential increase in pensions for Filipino retirees, including PNP retirees, no official confirmation has been received from the government as of January 26, 2024. Although the government approved bill worth of ₱21.6 billion PNP Retirees Pension Increase in 2024still, it needs to get passed into the parliament of Philippines to get the final approval so that requests with the authorities for an increased amount because of the high living costs are met suitably for the retired police officers.
Payment Amount and Dates for PNP Retirees Pension 2024
The Payment amount for PNP Retirees Pension Increase 2024 can vary as per the position:
- Lump-Sum Payment: Generally received upon retirement, it ranges from ₱50,000 to ₱1 million and varies based on years of service and rank.
- Monthly Annuity Payments: Based on rank and varies from ₱10,000 to ₱30,000.
- Additional Allowances: Includes medical benefits, housing assistance, and travel reimbursements.
- Average Pension Amount: It may vary depending on rank and service length from ₱20,000 to ₱35,000 per month.
- Other Factors: Disability status, disciplinary actions and additional insurance coverage or health plans from employment contracts.
Payment Dates
Pensions are usually paid on the 26th of each month, except for December and any month where the 26th falls on a weekend.
| PNP Retirees Pension Payment Dates 2024 | February 27, 2024 |
| April 26, 2024 | |
| April 26, 2024 | |
| May 29, 2024 | |
| June 26, 2024 | |
| July 29, 2024 | |
| August 28, 2024 | |
| September 25, 2024 | |
| October 29, 2024 | |
| November 27, 2024 | |
| December 20, 2024 |
How to apply for PNP Retirees Pension Increase 2024?
After confirming the eligibility criteria framed by Philippine National Police (PNP) and the Government Service Insurance System (GSIS), to apply for PNP Retirees Pension Increase 2024, one can submit their application online through the GSIS website using their GSIS e-Cardor can also download the application form from the GSIS website, fill and submit it along with required documents to your nearest GSIS accredited collecting agent or GSIS branch office.
The required documents can be the completed application form, along with proof of service, GSIS membership, birth certificate and other documents as specified by GSIS.
One can check the status for PNP Retirees Pension Increase 2024 through GSIS e-Card account on the GSIS website or can call the GSIS Contact Center at (02) 8864-6747 to inquire about the application status.
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