MOP, Bk 6, v.5, 103
“(4) The balance of the accumulated pensions of the retired teachers, constabulary officers and enlisted men, health officials and employees, Justices of the Supreme Court and veterans of past Philippine revolutions or wars may be discounted with the Philippine National Bank at such interest rate per annum as the Board of Directors of said Bank may approve, the total amount discounted to be paid by the Government to the Bank in five yearly installments: Provided, however, That if such balance of the accumulated pensions does not exceed ?90, the same may also be paid from their respective funds as set forth in paragraphs (1), (2) and’ (3) hereof.”This Order shall take effect immediately.