Republic Act No. 1568

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 of office or by reason of his incapacity to discharge the duties of his office, or dies while in the service, or resigns upon reaching the age of sixty years, he or his heirs shall be paid in lump sum his salary for five years: Provided, That at the time of said retirement, death or resignation, he has rendered not less than twenty years of service in the government.

Section 2

Any living former Auditor General, or Chairman or any Member of the Commission on Elections, whose term of office has ceased, or has retired or resigned, or been incapacitated to discharge the duties of the office, prior to the approval of this Act, shall also be entitled to the benefits of this Act if at the time of his cessation in office, he possessed all the qualifications prescribed herein: Provided, That he shall refund any gratuity or pension he has already received from the Government: And provided, further, That any pension that may be granted to him hereunder shall accrue only from the date of the approval of this Act.

Section 3

When the Auditor General, or the Chairman or any Member of the Commission on Elections takes advantage of the provisions of this Act, he shall not be entitled to retire under Republic Act Numbered Six hundred and sixty, as amended, nor under any other retirement Act, but shall be entitled to the refund of his personal share in the retirement premiums paid to the Government Service Insurance System with the usual interest granted by the System. The benefits granted under this Act shall be without prejudice to the officer receiving the life insurance benefits from the System to which said officer may be entitled.

Section 4

The benefits herein granted shall be exempt from all taxes and shall not be liable to garnishment, levy or execution.

Section 5

The sums necessary to carry out the provisions of this Act are appropriated out of any funds in the National Treasury not otherwise appropriated and shall be deemed permanent annual appropriations.

Section 6

This Act shall take effect upon its approval.

Approved: June 16, 1956