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REPUBLIC
ACT NO. 4482
REPUBLIC ACT NO. 4482 - AN ACT TO
FURTHER AMEND PARAGRAPH (b) OF SECTION FOURTEEN OF REPUBLIC ACT
NUMBERED ELEVEN HUNDRED AND SIXTY-ONE, OTHERWISE KNOWN AS THE "SOCIAL
SECURITY ACT OF 1954," AS AMENDED
Section 1. Paragraph (b) of Section fourteen of Republic Act
Numbered Eleven hundred and sixty-one, as amended, is hereby further
amended to read as follows:
"(b) One hundred per centum of the daily benefits
provided in the preceding paragraph shall be reimbursed by the System
to said employer upon receipt of satisfactory proof of such payment and
legality thereof: provided, however, that the claim for reimbursement
shall be adjudicated by the System within a period of two months from
receipt thereof: and provided, further, that should no payment be
received by the employer within one month after the period prescribed
herein for adjudication, the employer is authorized to deduct the
amount of his claim for reimbursement from the monthly premium
remittances that may be due from him to the System without prejudice,
however, to subsequent readjustment in the amount deducted by him
should the claim be adjudicated by the System after processing for a
smaller or bigger amount and in the event the claim is subsequently
denied, the deductions made by the employer as herein authorized shall
be without effect and he shall then remit to the System the necessary
premiums deducted by him."
Sec. 2. This Act shall take effect upon its
approval.
Approved: June 19, 1965
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