Section 5
SEC. 5. All the funds, properties, and assets, and all personnel, facilities, equipment, leases, contracts, and other obligations and instruments as well as all records, files, correspondence, and other papers belonging or appurtenant to the Pension and Retirement Fund of the Philippine Constabulary as created and established by Act Numbered One thousand six hundred thirty-eight, as amended are hereby transferred, for the purposes of liquidation as pn> vided in this Act, to the Government Service Insurance Board, which shall hereafter exercise full control and authority over the same. The said Board, with the approval of the Secretary of Finance, is hereby authorized to promulgate the necessary rules and regulations for the accomplishment of the purposes of this Act. Nothing herein contained shall be construed as taking away the power of the National Loan and Investment Board to invest the funds belonging to the Pension and Retirement Fund of the Philippine Constabulary should the Government Service Insurance Board elect to place in its hands the investment of said funds under such terms and conditions as may be agreed upon by the two Boards.