Presidential Decrees1 min read
Section 28Sec./Art. 28
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Funds. The funds administered by the System shall consist of old-age, disability, survivorship, health insurance, state insurance, life insurance and general insurance funds. The reserves and/or networth of said funds shall be used to finance the benefits administered by the System. For purposes of effective administration of said benefits, any amount in excess of the required reserves in any fund, as determined by the Actuary of the System, may be subject to interfund borrowing at an imputed interest to be determined by the Board.
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