Section 3December 2, 1988, Sec./Art. 3

Early Retirement and Voluntary Separation Benefits. - All appointive government officials and employees included in the coverage hereof who voluntarily elect in writing to be retired or separated from the service and whose retirement has been approved under the provisions of this Act shall be paid retirement or separation benefits equivalent to one and one-fourth (1 1/4) month basic salary for every year of their respective government services or the nearest equivalent fraction thereof favorable to them on the basis of the highest salary which they respectively received in the course of their employment in the government: provided, that in no case shall the benefit to be paid to any appointive official or employee be less than Ten thousand pesos (P10,000): provided, further, that any appointive official or employee who has previously been found guilty in an administrative proceeding and whose rank or salary has been reduced shall be paid on the basis of his last salary.