Did You Know That Former Presidents Get Tax-Free Annual Life Pension P96,000?

president-pension-peso

This is according to Executive Order (EO) 145 signed in 1987.

Apparently, all former presidents of the Philippines (not including the incumbent one) is entitled to receive P96,000 of tax-free pension for life. The amount of life pension is payable at a rate of P8,000 monthly.

The amount was increased from P42,400 annually to P96,000 annually according to EO.

The EO was signed by late President Corazon Aquino.

I didn’t know that former presidents had life pension, but that is just a humble amount, I guess.

What do you think of this? 






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