Amendment to Sec. 872 of Act No. 2711 (Revised Administrative Code)
Act No. 3591, approved on November 29, 1929, amends Section 872 of the Administrative Code regarding the sources of the pension and retirement fund for the Constabulary. It specifies that the fund will include fines and forfeitures from summary courts, fines on commissioned officers, and savings from vacancies and deductions from the pay of officers and enlisted men, specifically 4% of their monthly pay. All these funds must be recorded on the payroll and deposited with the Insular Treasurer for the Constabulary pension and retirement fund. The Act emphasizes the importance of these contributions to ensure the financial stability of the retirement system for Constabulary personnel.
Law Information
- Reference Number
- Act No. 3591
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 29, 1929
ACT NO. 3591
AN ACT TO AMEND SECTION EIGHT HUNDRED AND SEVENTY-TWO, AS AMENDED, OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN, COMMONLY KNOWN AS THE ADMINISTRATIVE CODE
SECTION 1. Section eight hundred and seventy-two of Act Numbered Twenty-seven hundred and eleven, known as the Administrative Code, as amended by Acts Numbered Thirty-one hundred and fifty-seven and Thirty-two hundred and five, is hereby further amended to read as follows:
"SEC. 872. Sources of pension and retirement fund. — To this fund shall accrue all fines and forfeitures imposed by summary courts, all fines imposed upon commissioned officers under the authority of this chapter, and all sums accruing from vacancies in the authorized strength of officers and enlisted men, together with all other savings from positions the occupants whereof are or shall be entitled to the benefits of this chapter, and four per centum of the pay of every officer and enlisted man of the Constabulary, which shall be deducted from said pay monthly. aTEACS
"All such sums accruing from fines, forfeitures, deductions, retentions, vacancies, and savings shall be noted and retained on the pay roll and deposited with the Insular Treasurer to the credit of the Constabulary pension and retirement fund."
SECTION 2. This Act shall take effect on its approval.
Approved, November 29, 1929.
Cite This Law
Amendment to Sec. 872 of Act No. 2711 (Revised Administrative Code), Act No. 3591, Nov 29, 1929 (Philippines)
Amendment to Sec. 872 of Act No. 2711 (Revised Administrative Code), Act No. 3591 (Phil. 1929)
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