SECTION 17. When an officer or enlisted man is retired from the Armed Forces of the Philippines under the provisions of this Decree, he shall, at his option, receive a gratuity equivalent to one (1) month of base and longevity pay of the grade next higher than the permanent grade last held for every year of service payable in one (1) lump sum or a monthly retirement pay equivalent to two and one-half percent (2 1/2%) for each year of active service rendered, but not exceeding eighty-five percent (85%) of the monthly base and longevity pay of the grade next higher than the permanent grade last held: Provided, That an officer retired under Section 11 or 12 shall be entitled to benefits computed on the basis of the base and longevity pay of the permanent grade last held: Provided, further. That such retirement pay shall be subject to adjustment on the prevailing scale of base pay of military personnel in the active service: Provided, furthermore, That when he retires, he shall be entitled, at his option, to receive in advance and in lump sum his annual retirement pay for the first three (3) years and thereafter receive his annual retirement pay payable in equal monthly installment as they accrue: Provided, finally, That if he dies within the three-year period following his retirement and is survived by beneficiaries as defined in this Decree, the latter shall only receive the derivative benefits thereunder starting the first month after the aforecited three-year period. Nothing in this Section shall be construed as authorizing adjustment of pay, or payment of any differential in retirement pay to officers and enlisted men who are already retired prior to the approval of this Decree as a result of increases in salary of those in the active duty may have their retirement pension adjusted based on the rank they hold and on the prevailing pay of military personnel in the active service, at the time of the termination of their recall to active duty.
SECTION 18. The survivors of an officer or enlisted man retired under Section 4, 5, 8 or 10 or of an officer with at least twenty (20) years of service separated under Section 11 or 12 shall be entitled to a monthly annuity equivalent to seventy-five percent (75%) of his monthly retirement pay which he was receiving to be divided among them in equal shares and with the right of accretion.
SECTION 19. An officer or enlisted man separated under Section 14 of this Decree shall be entitled to a monthly life annuity the amount of which shall be fifty per centum of the base and longevity pay computed on the basis of his separation grade: Provided, That in the case of an officer in the grade of Colonel/Captain (PN) and higher, the basis of computation of his separation grade: Provided further, That such monthly annuity shall not be less than two hundred pesos (P200.00).
SECTION 20. An officer with less than twenty years of accumulated active service separated under Section 10, 11, 12 or 16 shall be entitled to a separation pay equivalent to one month base and longevity pay of the permanent grade he holds for every year of active service.
SECTION 21. An officer or enlisted man with less than twenty (20) years of accumulated active service separated under Section 15 shall be entitled to a separation pay equivalent to one month base and longevity pay of his separation grade for every year of active service: Provided, That in the case of an officer in the grade of Colonel/Captain (PN) and higher, the basis of computation of his separation grade shall be in the grade next higher than his separation grade.
SECTION 22. The survivors of an officer or enlisted man retired under Section 6 or 7 or separated under Section 13 or 14 shall be entitled to a monthly annuity equivalent to fifty per centum of his base and longevity pay based on his separation grade to be divided among them in equal shares and with the right to accretion: Provided, That in the case of survivors of an officer in the grade of Colonel/Captain (PN) and higher, the basis of computation of their annuity shall be in the grade next higher than his separation grade.
SECTION 23. An officer on enlisted man retired under Section 7 or separated under Section 14 shall receive, in addition to benefits under Section 17 or Section 19, a monthly disability pension of two hundred pesos (P200.00)
SECTION 24. An officer or enlisted man retired under Section 8 or separated under Section 15 for disability which is the proximate result of wounds or injuries received or sickness or disease incurred in line of duty shall receive in addition to benefits under Section 17 or 21, as the case may be, disability pension fixed as follows:
If and while the disability is rated 25 per centum the monthly pension shall be P50.00.
If and while the disability is rated 50 per centum the monthly pension shall be P100.00.
If and while the disability is rated 60 per centum the monthly pension shall be P120.00.
If and while the disability is rated 70 per centum the monthly pension shall be P140.00.
If and while the disability is rated 80 per centum the monthly pension shall be P160.00.
If and while the disability is rated 90 per centum the monthly pension shall be P180.00.
If and while the disability is rated 100 per centum the monthly pension shall be P200.00.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).