A military and uniformed personnel (MUP) reform has not made the cut for the priority legislation of President Ferdinand Marcos Jr.’s three remaining years, as enacting changes would entail higher costs. “I think the reform will be more costly at this point in time,” Finance Secretary Ralph...
The Department of Budget and Management (DBM) has greenlit the release of P14 billion to cover the regular pension requirements of military retirees for the period of July to September 2024. The approval, granted on June 14, 2024, comes in response to the Department of National Defense (DND) –...
President Ferdinand “Bongbong” Marcos Jr. on Monday, July 24, urged Congress to act on his administration’s legislative agenda, which include reforms in military and uniformed personnel pension, the Blue Economy law, and new taxes for single-use plastics and digital services, among others....
Senator Jinggoy Ejercito Estrada on Monday, April 3 said the Senate will start tackling the various bills seeking to provide a unified system for separation, retirement, and pension of the military and uniformed personnel (MUP) services next month in the committee level. Estrada, chairman of the...
Senator Christopher “Bong” Go has urged Malacañang to thoroughly study the proposed reforms in the military pension saying it should only apply to new entrants or those who will join the military in the future. Go made the appeal as the Marcos government’s finance managers expressed...
The Department of Budget and Management (DBM) announced on Friday, Jan. 13, that it has released P14 billion to cover the regular pension requirements of military retirees. In a statement, Budget Secretary Amenah F. Pangandaman said the Special Allotment Release Order (SARO) for the military...
State-run Government Service Insurance System (GSIS) expressed willingness to manage the military and uniformed personnel (MUP) pension fund once it is enacted into law. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said pension fund is open to cooperate with the national...
With the forthcoming change in leadership, the Department of Finance (DOF) said the government should continue its reforms in the military and uniformed personnel (MUP) pension scheme to ensure the county's fiscal stability. Finance Chief Economist Gil S. Beltran said the government is spending...
Senatorial aspirant and Sorsogon Governor Francis ‘’Chiz’’ Escudero on Monday, Jan. 7 said the government must be able to address the government’s ballooning liabilities to pensioners in the military and uniformed services through a sustainable pension system. The former senator also...
