Section 10December 2, 1988, Sec./Art. 10

Funding. - For national government employees, the sum of Three billion pesos, or so much thereof as may be necessary, is hereby authorized to be appropriated out of any funds in the National Treasury not otherwise appropriated for payment of early retirement and separation incentive benefits authorized in this Act.

For employees of government-owned or controlled corporations, the benefits herein granted shall be paid from the internal funds of the respective corporations.n no case shall the benefits paid to employees of government-owned or controlled corporations be less than the benefits granted by their existing corporate programs, if any.

For employees of local government units, the benefits shall be paid from available funds of each local government unit.

Government-owned or controlled corporations and local government units which may not be able to adequately fund the incentive benefits under this Act may avail themselves of the Three billion peso fund appropriation for this purpose but only to the extent of twenty-five percent (25%) of the requirements on the condition that their plantilla and staffing pattern shall, for a period of one (1) year from the effectivity of this Act, be subject to approval of the Department of Budget and Management: provided, that in the case of government-owned or controlled corporations, said twenty-five percent (25%) may be deducted by the Department of Budget and Management from whatever budgetary allocation and assistance they may get from the National Government in the future.

The above provisions notwithstanding, all savings accruing from the abolition of positions pursuant hereto shall be earmarked and used exclusively for the payment of the benefits under this Act.