Authority to use savings for adjustments of compensation.
Section 5
SEC. 5. Authority to use savings for adjustments of compensation.- The President of the Philippines is authorize to use any saving in the appropriations authorized in this Act, except the amounts of the "savings to be made" herein provided, (1) for the adjustment of the compensations of employees pursuant to the provisions of section twelve of Commonwealth Act Numbered Four hundred and two; (2) for paying compensation differentials that may be granted pursuant to the provisions of section seven of said Commonwealth Act Numbered Four hundred and two; (3) for adjustment to P960 per annum of the salaries of elementary school teachers who are graduates of Bureau of Education collegiate normal schools and the teacher's curriculum in the collegiate schools of arts and trades, graduates of private junior normal schools and colleges offering two years of normal work above the secondary level, and holders of the degrees of bachelor of science in education, bachelor of science in home economics, high school teacher's certificate, bachelor of science in agriculture with certificate in agricultural education, and any bachelor's degree with at least eighteen units in education; for adjustment to P840 per annum for those teachers who are graduates of Bureau of Education secondary normal schools and of private secondary normal schools and holders of any bachelor's degree not herein mentioned and of the title of associate in arts: and for all teachers not falling under the foregoing classification, to P720 per annum, the provisions of Commonwealth Act Numbered Four hundred and two to the contrary notwithstanding: PROVIDED, HOWEVER, That elementary school teachers with the above educational qualifications who are already receiving salaries in excess of the amounts above indicated will not have their salaries reduced.