Transitory Provisions.
Section 29
SEC. 29. Transitory Provisions. — The properties, monies, assets, rights, choses in action, obligations, liabilities, records and contracts of the Foreign Trade Zone Authority under Republic Act Numbered fifty-four hundred ninety shall continue to be vested in and assumed by the Export Processing Zone Authority, as a government corporation, pursuant to this Decree. Likewise, all personnel of the Foreign Trade Zone Authority who are occupying permanent positions shall be absorbed by the Export Processing Zone Authority and shall remain in their respective positions without demotion in rank nor reduction in salary: Provided, That employees who shall be separated from the service shall be given by the Authority at least one month gratuity for every year of service but in no case more than twenty-four months salary, in addition to all benefits to which they may be entitled under existing laws and regulations,