Key Provisions of H.B No. 12-3-1
- Amends Section 28 of Republic of Palau Public Law 11-37 to provide social assistance to eligible retired and disabled citizens.
- Appropriates $1,400,000 to the Ministry of Finance for expenditure or obligation during Fiscal Year 2025.
- Provides $480 per eligible person as social assistance.
- Assistance is available to retired citizens who are 60 years of age or older, reside in the Republic of Palau, and have no employment earnings.
- Assistance is available to individuals receiving disability insurance benefits under Section 754 of Title 41 of the Palau National Code, provided they have no employment earnings.
- The Ministry of Finance is responsible for the expenditure or obligation of the appropriated funds.