PD 712 (Indexed Monthly Pensions) Section 12

Valuation of Assets.

Section 12

SEC. 12. Valuation of Assets.—Assets of the System shall be originally recognized at their acquisition costs. A valuation thereof shall be made whenever necessary and the corresponding adjustments shall be made to reflect the assets at their appraised or fair market values. The valuation shall be made by an independent firm of appraisers to be selected by the System.

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Other provisions in PD 712 (Indexed Monthly Pensions)

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 712 (Indexed Monthly Pensions) 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).

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