The AFP Retirement and Separation Benefits System (hereinafter called “the System” or “AFPRSBS” for brevity) was created and duly organized under and by virtue of Presidential Decree P.D. No. 361, which was promulgated on December 30, 1973. The System was established as a funding mechanism to ensure the continuous payment of retirement and separation benefits due to the members of the Armed Forces of the Philippines (AFP). The System formally started its operations in 1976. To further strengthen the viability of its operations, certain provisions of P.D. No. 361 pertaining to membership and rate of contributions were amended by virtue of P.D. No. 1656 dated December 21, 1979 and P.D. No. 1909 dated March 22, 1984.

You might also be interested in