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(NAR) VOL. 29 NO. 3/ JULY - SEPTEMBER 18
[ PRA CIRCULAR NO. 006, S. 2018, September 19, 2018 ]
ADDENDUM TO PRA CIRCULAR NO. 005, SERIES OF 2018
Adopted: 10 September 2018
In the spirit of fairness and equity, an addendum to the above subject Circular is hereby adopted, as follows:
An nua l PRA fee ( AP F ) PA ID | PER I OD / DA T E O F T ERM I NA TI ON | AMOUN T TO BE RE F UNDE D |
a ) For Three (3) Y ear s | 1 st yea r of M e m bershi p | 2/ 3 of the total APF pai d |
2 nd yea r of M e m bershi p | 1/ 3 of the total APF pai d | |
3 rd yea r of M e m bershi p | N on e | |
b ) For T wo (2) Y ear s | 1 st yea r of M e m bershi p | ½ of the total APF pai d |
2 nd yea r of M e m bershi p | N on e | |
c ) For O ne (1) Y ea r | W i thin the yea r | N on e |
In case of death of a retiree, the computation of the amount to be refunded (if applicable), should be reckoned from the date of death as indicated in the Death Certificate issued by relevant government authorities.
The Admin and Finance Department shall be responsible for the dissemination and circularization of this policy.
This Addendum shall likewise take effect after 15 days from registration with the
Office of the National Administrative Register at the U.P. Law Center.
(SGD) ATTY. BIENVENIDO K. CHY
General Manager/CEO