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PD 1636 Section 19

PD 1636 Section 19

Section 19

SECTION 19. The first paragraph of Section 26 of Republic Act No. 1161 is hereby amended to read as follows: "SEC. 26. Investment of reserve funds.—All revenues of the SSS as are not needed to meet the current administrative and operational expenses incidental to the carrying out of this Act shall be accumulated in a fund to be known as the "Reserve Fund" which shall be used exclusively for the payment of the benefits under this Act, and no amount thereof shall be withdrawn or used for any other purpose. Such portions of the reserve fund as are not needed to meet the current benefit obligations thereof shall be invested to earn an average annual income of at least nine percent. Five percent shall be invested in bank deposits to be known as the "Contingency Reserve Fund" to meet and cover contingent and extra-ordinary disbursements for death, sickness and disability claims under this Act, and the remaining balance shall be credited to a fund to be known as the "Investment Reserve Fund" to be invested by the Commission in any or all of the following ways only."

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Other provisions in PD 1636

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1636 Section 19 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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