Republic Acts1 min read
Section 3Sec./Art. 3
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Section 6 of Presidential Decree No. 1752, as amended, is hereby further amended to read as follows:
"Section 6.Membership Term.- Membership in the Fund shall be for a period of twenty (20) years, except when earlier terminated by reason of retirement, disability, insanity, death, departure from the country or other causes as may be provided for by the Board of Trustees:Provided,That those who become members of the Fund after the effectivity of this Act may withdraw the total accumulated value of their contributions to the Fund after the tenth or the fifteenth year of continuous membership: Provided,further, That said members have no outstanding housing loans with the Fund:Provided, finally, That this option may be exercised only once and shall not prejudice the member's continuing membership in the Fund.
"Resignation, lay-off or suspension from employment may not necessarily constitute a ground for membership termination, except for suspension of contributions."
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