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...
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...
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...
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...
Senator Leila de Lima questioned on Saturday, June 5, the move of the House of Representatives to include a P54.6-billion allocation for pension and gratuity fund of uniformed personnel in the proposed Bayanihan 3 law. Senator Leila de Lima (REUTERS) De Lima, chairperson of the Senate social...
