SECTION 1
Abolition of PVAC and PHIVIDEC
SECTION 1. Abolition of PVAC and PHIVIDEC. The abolition of PVAC and PHIVIDEC shall be undertaken by the GCG, in coordination with the Department of National Defense (DND).
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Memorandum Order No. 87
Memorandum Order No. 87
MEMORANDUM ORDER NO. 87 DIRECTING THE ABOLITION OF THE PHILIPPINE VETERANS ASSISTANCE COMMISSION AND THE PHILIPPINE VETERANS INVESTMENT DEVELOPMENT CORPORATION, AND FOR OTHER PURPOSES
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SECTION 2
Transfer of Functions
SECTION 2. Transfer of Functions. The PVAC functions of providing services to veterans shall be absorbed by PVAO, while the commercial functions of PHIVIDEC and PVAC shall be assumed by PIA.
SECTION 3
Disposition of Assets
SECTION 3. Disposition of Assets. DND/PVAO and the Privatization and Management Office (PMO) shall undertake the disposition of PHIVIDEC assets.
SECTION 4
Assumption of Liabilities and Payment of Separation Pay
SECTION 4. Assumption of Liabilities and Payment of Separation Pay. The Department of Finance (DOF) shall pay the outstanding financial obligations of PVAC and PHIVIDEC, if any, out of the proceeds from the disposition of the assets of said GOCCs, subject to the applicable budgeting, accounting, and auditing rules and regulations.
SECTION 5
Creation of a Technical Working Group
SECTION 5. Creation of a Technical Working Group. To implement the provisions of this Order, the GCG shall be assisted by a Technical Working Group composed of the following agencies: a. DND/PVAO – shall undertake the function of PVAC to establish, maintain and make available for veterans and their dependents all such services necessary to provide them assistance for employment, medical care, education and other related services; b. PIA – shall assume the functions of PHIVIDEC as enumerated under Section 2 of PD No. 243, as amended by PD No. 353; c. DOF/Bureau of the Treasury – shall be responsible for the payment of liabilities out of the proceeds from the sale of PVAC and PHIVIDEC assets and further assume its remaining liabilities, subject to the applicable budgeting, accounting, and auditing rules and regulations; and d. PMO – shall be responsible for the disposition of the assets of PVAC and PHIVIDEC, to the extent necessary to satisfy its outstanding liabilities.
SECTION 6
Separability
SECTION 6. Separability. Should any provision of this Order be declared unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.
SECTION 7
Repeal
SECTION 7. Repeal. All other orders, rules, regulations, and issuances or parts thereof which are inconsistent with this Order are hereby repealed or modified accordingly.
SECTION 8
Effectivity
SECTION 8. Effectivity. This Order shall take effect immediately. DONE, in the City of Manila, this 11th day of February in the year of Our Lord, Two Thousand and Sixteen. By Authority of the President: (Sgd.) PACQUITO N. OCHOA, JR. Executive Secretary