Senator Ronald “Bato” dela Rosa on Sunday, June 11 urged the Marcos administration not to rush the passage of the bill seeking to reform the pension system of military and uniformed personnel (MUP), saying the measure requires more wider consultations than just hearing the side of state...
Future soldiers should have a new pension system if the government wants to make the current military and uniformed personnel (MUP) pension scheme self-sustaining. *Department of National Defense (DND) Secretary Gilberto Teodoro Jr. (File photo) * This was emphasized by Department of National...
Newly appointed Department of National Defense (DND) Secretary Gilberto Teodoro Jr. revealed his priorities for the defense sector on Wednesday, June 7. *Department of National Defense (DND) Secretary Gilberto Teodoro Jr. speaks at a press briefing at the DND Main Building in Camp Aguinaldo, Quezon...
Congress is prepared to exercise its oversight role should state economic managers “deviate” from the original intention and “spirit” of the proposed Maharlika Investment Fund (MIF) Act. Senate Majority Leader Joel Villanueva stressed this point in a press briefing at the Senate, saying...
The Executive Department is not allowed to alter the final version of the proposed Maharlika Investment Fund (MIF) bill, Sen. Risa Hontiveros said on Tuesday, June 6. Hontiveros pointed this out following Finance Secretary Benjamin Diokno’s statement that the Government Service Insurance System...
The controversial Maharlika Investment Fund (MIF) would not be hindered by the absolute prohibition of access to the state pension funds, National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
The Senate has ratified the bicameral conference committee report on the bill increasing the disability pension of veterans. Sen. Jinggoy Ejercito Estrada said that after nearly three decades, disabled veterans can now look forward to getting a higher monthly pension, as Senate Bill No. 1480 seeks...
Less than two weeks after making a call for a better pension system for the country's uniformed personnel, President Ferdinand "Bongbong" Marcos Jr. said discussions were now ongoing to at least lay down the foundation for a functioning system. *President Ferdinand ‘Bongbong’ Marcos Jr. (Ali...
Finance Secretary Benjamin Diokno on Tuesday, May 30, said that it is up to the boards of directors of state pension institutions, such as the Social Security System (SSS) and Government Service Insurance System (GSIS), to invest in the proposed Maharlika Investment Fund (MIF). Finance Secretary...
House of Representatives (PPAB) With 268 affirmative votes and just one abstention, the House bill pursuing an increase in disability pensions for military veterans and their dependents has been approved on third and final reading. Passed during plenary session Monday, May 22 was House Bill (HB)...
(MANILA BULLETIN) The House of Representatives has approved on second reading the bill seeking to rationalize the disability pension of veterans who suffered disabilities while they were still in active service. Passed via simple voice vote (ayes vs. nayes) during plenary session Tuesday, May 16...
The Senate on Monday, May 15 approved on third and final reading the bill proposing a 350 to 488 percent rate increase in the disability pension of veterans and their beneficiaries. With 21 affirmative and zero negative votes, Senate Bill No. 1480 or the proposed Act Rationalizing the Disability...
