Pages

Friday, November 25, 2011

18,500 Filipino World War II veterans or their family members have received a total of $221 million


More than 18,500 Filipino World War II veterans or their family members have received a total of $221 million (about P9.57 billion) in one-time compensation payments since 2009, according to the US Department of Veterans Affairs (VA) office in Manila.

In a report posted on the US Embassy website, the agency said the number “exceeds the 18,000 veterans estimated prior to the the Filipino Veterans Equity Compensation (FVEC) benefits becoming law.”

With more than $16 million (about P692.8 million) in monthly disability compensation payments to approximately 15,000 beneficiaries—half of whom are Filipino veterans or their family members—the VA expects to spend at least $192 million (about P8.31 billion) on the program.

“These monthly payments are in addition to the one-time lump sum payments made to Filipino war veterans and their survivors as part of the FVEC,” said the report.

Full story here at Inquirer.......

No comments: