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REPUBLIC ACT NO. 3175 - AN ACT TO
FURTHER AMEND COMMONWEALTH ACT NUMBERED ONE HUNDRED EIGHTY-SIX, AS
AMENDED, TO PROVIDE FOR THE PAYMENT BY THE NATIONAL GOVERNMENT OF THE
ADDITIONAL PREMIUMS FOR SERVICES PRIOR TO JUNE SIXTEEN, NINETEEN
HUNDRED FIFTY-ONE
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| Section 1. Subsection
(a) of Section seven of Commonwealth Act Numbered One hundred
eighty-six, as amended, is hereby further amended to read as follows: "Sec. 7. Additional amounts or premiums. — (a) For the amount of annuity corresponding to the services rendered by an employee prior to June sixteen, nineteen hundred and fifty-one, the National Government shall pay the necessary additional amounts or premiums as may be determined by the System, which shall be paid in equal annual amortizations for a period not to exceed fifty years under such terms and conditions as the Board may prescribe. The sums necessary for this purpose are deemed appropriated in accordance with Section twenty-seven of this Act. Sec. 2. This Act shall take effect upon its approval: Provided, That the additional amounts or premiums for services rendered prior to June sixteen, nineteen hundred fifty-one, payable by an employer which are unpaid as of the approval of this amendatory Act shall be paid by the National Government. Approved: June 17, 1961 |
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