SEC. 12. Section 15 thereof is hereby amended by the
deletion of the last proviso therein which reads as follows:
"Provided, finally, That in no case shall the expenses in
any fiscal year for salaries, wages, allowances, emoluments, and other
fringe benefits exceed thirty-five percent (35%) of the gross income of
the System in the immediately preceding fiscal year."
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 425 Section 12 (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).
