REPUBLIC ACT NO. 4847 - AN ACT
INCREASING THE NUMBER OF THE MEMBERS OF THE BOARD OF TRUSTEES OF THE
GOVERNMENT SERVICE INSURANCE SYSTEM FROM FIVE TO EIGHT BY AMENDING
SECTION SIXTEEN OF COMMONWEALTH ACT NUMBERED ONE HUNDRED AND
EIGHTY-SIX, AS AMENDED
Section 1. Section sixteen of Commonwealth Act Numbered One
hundred and eighty-six, as amended, is hereby further amended as
follows:
"Sec. 16. Administration of the System. — The System
shall be a non-stock corporation, with its principal place of business
in Manila or Quezon City, Philippines. It shall be managed by a Board
of Trustees to consist of the General Manager of the System and seven
other members to be appointed by the President of the Philippines with
the consent of the Commission on Appointments three of whom shall
represent three leading confederation of government employee
organizations or associations of government employees which represent
the cross section of government employees with membership not limited
to a particular professional group or class or level of employees, or
to employees of a single agency or related agencies, but open to all
government employees in all branches, departments, agencies, offices,
and instrumentalities of the government irrespective of professions,
class or level of position, representing the largest number of
government employees who are registered members of the associations or
of affiliated organizations, as may be determined by the Government
Service Insurance System under such rules and regulations as it may
promulgate. The trustees shall elect from among themselves a chairman
and a vice-chairman. Each appointive trustee, except the General
Manager who shall cease as trustee upon his separation as General
Manager shall hold office for three years or until his successor is
duly qualified except that, of the four other appointive members of the
Board first appointed under this amendatory Act, two shall hold office
for two years, and two for three years. At the expiration of the
respective terms of such members, a successor shall be appointed for
the term of three years, from the date of such expiration. All
vacancies, except through the expirations of the terms, shall be filled
for the unexpired term only. The trustees shall be entitled to a per
diem of twenty-five pesos for each day of actual attendance in
session."
Sec. 2. This Act shall take effect upon its
approval.
Approved: June 18, 1966
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