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Every former Governor elected as Chief Executive before November 3 of 1992, shall be entitled to a life annuity of twenty five thousand dollars ($25,000). Said annuity shall be paid by the Secretary of the Treasury in monthly installments, and the payment of any other emolument chargeable to the Treasury for any reason, and the receipt of any benefit under a pension system established by law of the Commonwealth shall be incompatible with the payment of said annuity. History —Mar. 26, 1965, No. 2, p. 3, § 1; Feb. 27, 1993, No. 2, § 1.