President Marcos has ordered the Social Security System (SSS) and Government Service Insurance System (GSIS) to guard funds with integrity and invest wisely. In his speech at the ceremonial launching of the SSS Pension Reform Program on Wednesday, Sept. 10, Marcos reminded both institutions to...
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 Armed Forces of the Philippines (AFP) expressed appreciation to House Deputy Minority Leader Francisca “France” Lustina Castro after she vowed that the Makabayan bloc will scrutinize the pension system of military personnel and other uniformed personnel (MUP). *AFP spokesperson Col. Medel...
President Ferdinand "Bongbong" Marcos Jr. cited the need for an efficient system for the distribution of World War II veterans' pension as he paid tribute to them during the celebration of the 81st Araw ng Kagitingan on Monday, April 10. *President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy)* In an...
Finance Secretary Benjamin Diokno is addressing what he described as “the elephant in the room”, referring to the much-needed reforms in the military and uniformed personnel (MUP) pension scheme, which is taxpayer-supported and receives no contribution from the retirees themselves. During a...
PARIS, France -- More than a million people marched in France Thursday to protest pension reforms, with some demonstrators clashing with police in Paris, as strikes disrupted public transport, schools and much of the civil service. The interior ministry put the total number of protesters marching...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
