REPUBLIC ACT NO. 3595 - AN ACT TO
AMEND REPUBLIC ACT NUMBERED FIFTEEN HUNDRED SIXTY-EIGHT (RE: GRANT OF
LIFE PENSION TO THE AUDITOR-GENERAL AND THE CHAIRMAN AND MEMBERS OF THE
COMMISSION ON ELECTIONS)
Section 1. Section one of the Republic Act Numbered Fifteen
hundred sixty-eight, as amended, is hereby amended to read as follows:
"Section 1. When the Auditor General or the Chairman
or any Member of the Commission on Elections retires from the service
for having completed his term or office or by reason of his incapacity
to discharge the duties of his office, or dies while in the service, or
resigns at any time after reaching the age of sixty years but before
the expiration of this term of office, he or his heirs shall be paid in
lump sum his salary for one year, not exceeding five years, for every
year of service based upon the last annual salary that he was receiving
at the time of retirement, incapacity, death or resignation, as the
case may be: Provided, That in case of resignation, he has rendered not
less than twenty years of service in the government; And, provided,
further, That he shall receive an annuity payable monthly during the
residue of his natural life equivalent to the amount of monthly salary
he was receiving on the date of retirement, incapacity or
resignation."
Sec. 2. Between Section s two and three of the same
Act, the following new section is hereby inserted:
"Sec. 2-A. In case the salary of the Auditor General
or the Chairman or any Member of the Commission on Elections is
increased or decreased, such increased or decreased salary shall, for
the purpose of this Act, be deemed to be the salary or the retirement
pension which shall be received by the retired Auditor General or
Chairman or any Member of the Commission on Elections; Provided, That
any benefits that have already accrued prior to such increase or
decrease shall not be affected thereby."
Sec. 3. This Act shall take effect upon its approval.
Approved: June 22, 1963
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