Section 5
SEC. 5. If any beneficiary of the Teachers' Retirement and Disability Fund at present receiving a pension therefrom should desire to be reinstated in the service instead of receiving the reduced pension provided for in this Act, the chief of the office, if the exigencies of the service so permit, shall give preferred consideration to such reinstatement when filling vacancies corresponding to the position of said beneficiary upon retirement, likewise giving due consideration to the record and respective qualifications of the applicants. The pension of any retired member who is now receiving pensions as provided in this Act shall be suspended upon his reinstatement to active service or when he is employed by the National, provincial, or municipal governments, the compensation of which is equal to or more than the amount of his pension but if his compensation from such employment is less than his pension, then he shall be paid the difference from the pension reserve.