Parañaque City Mayor Eric Olivarez led the distribution of social pension to the third batch of indigent senior citizens from the city's District I on Friday, June 23. Olivarez said the last batch, totaling 751 indigent senior citizens, received their social pension payout at Barangay Don Galo...
(MANILA BULLETIN) Nearly 10 million small farmers and fisherfolks in the country will enjoy lifetime pensions if and when this House bill from two Bicol lawmakers get enacted. Bicol Saro Party-list Rep. Brian Raymund Yamsuan and Camarines Sur 2nd district Rep. LRay Villafuerte jointly filed in the...
The Senate Committee on National Defense and Security is willing to study the Department of Finance’s (DOF) latest proposal in reforming the pension system of the military and uniformed personnel (MUP). The Marcos administration’s economic team is now proposing that MUPs in active service...
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...
