18/05/2010: Filipino Veterans Equity Compensation Fund Disburses more than $168 Million as of April 2010
18 MAY 2010, WASHINGTON, D.C. – The Filipino Veterans Equity Compensation (FVEC) Fund has disbursed more than $168 million to qualified applicants, in the latest reports of the Philippine Office of Veterans Affairs (OVA) as of 1 April 2010. During this period, a total of 41,302 applications have been received, of which 6,884 (17%) were granted to Filipino veterans based in the Philippines (recipients of $9,000.00) while 7,075 (17%) applications were approved for those veterans in the United States (recipients of $15,000). Completed applications are recorded at 25,276 (61%).
There are 16,026 (39%) pending claims with the US Department of Veterans Affairs. Qualifying military service is currently being verified through the appropriate service department in accordance with 38 CFR 3.203(c) at the National Personnel Records Center (NPRC) in St. Louis, MO, which serves as the Army’s records custodian.
OVA is continuously conducting outreach programs to assist veterans go through the appeals process for denied applicants. As of 1 April 2010, Manila Regional Office has received more than 1,058 Notice of Denials. A total of 11,317 (27%) claims have been denied. END.