(NAR) VOL. 15 NOS. 3-4 / JULY - SEPTEMBER 2004
1. An additional amount of P10 shall be deducted from the proceeds of the gross amount for both active members and pensioners. This P10 shall cover expenses of printing and mailing the letter to members notifying them that the proceeds of the cash advance has been credited to their e-Card.
2. As such, the net proceeds of the Cash Advance for active members shall be the gross amount less service fees (P50), CARI (P80) and the mailing fee of P10, or P4,860.00. For pensioners, the net proceeds shall be gross amount less service fees (P50) and the mailing fee (P10) resulting in net proceeds of P4,940.00.
3. The monthly installment remains at P188.89.