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PD 626 Article 176

Management of funds.

Article 176

ART. 176. Management of funds. — All revenues collected by the System under this Title shall be deposited, invested, administered and disburse in the same manner and under the same conditions, requirements and safeguards as provided by Republic Act numbered one hundred sixty-one, as amended, and Commonwealth Act numbered one hundred eighty-six, as amended, with regard to such other funds as are thereunder being paid to or collected by the SSS and GSIS, respectively: Provided, That the Commission, SSS and GSIS may disburse each year not more than twelve per cent of the contributions and investment earnings collected for operational expenses, including occupational health and safety programs, incidental to the carry out of this Title.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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

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