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Abolition and Transfer. - The Records Management and Archives Office is hereby abolished, all its assets, fixed and movable, and all contracts, records and documents relative to its operation are hereby transferred to the National Archives.
All agreements and contracts entered into by the Records Management and Archives Office shall remain in full force and effect unless otherwise terminated, modified or amended by the National Archives of the Philippines.
Officials and employees of the Records Management and Archives Office shall be absorbed by the National Archives on the basis of merit and fitness: Provided, That officers and employees who shall be separated from the service as a result of the abolition hereof shall receive retirement and other benefits to which they are entitled under existing laws.
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