Section 2
SEC. 2. When the Governor of the Central Bank of the Philippines takes advantage of the provisions of this Act, he shall not be entitled to retire under Republic Act Numbered Six hundred and sixty, as amended, nor under any other retirement Act, but shall be entitled to the refund of his personal share in the retirement premiums paid to the Government Service Insurance System with the usual interest granted by the System. The benefits granted under this Act shall be without prejudice to the officer receiving the life insurance benefits from the System to which said officer may be entitled.