Based on the House committee-approved proposal, military and uniformed personnel would have to contribute to their pension fund, but in phases, among other key changes
MANILA, Philippines – A proposal to redesign the current pension system of military and uniformed personnel – which economic managers say is no longer sustainable and is at risk of collapse – hurdled the committee level in the House of Representatives on Tuesday, August 15.
The key points of the consolidated proposal – a copy of which has yet to be made public – are as follows, according to Salceda and Speaker Martin Romualdez’s office: MUP would now contribute to the fund, on a staggered basis. For active personnel, it would be 5% for the first three years, 7% for the next three years, and 9% thereafter. For new entrants, it would be 9% from the get-go, but the government would have a higher share to complete the 21% contribution.All active personnel would get a 3% annual salary increase.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video of Teves dancing in boxers brought up during House ethics probeTeves says he did not violate the House's code of conduct because the video online was not 'contemptuous in character.' Wearing boxer shorts and a tank top on camera has been his 'branding' since 2020, he adds.
Read more »
Zsa Zsa Padilla's newfound life in her cozy farm house in Lucban, QuezonSinger Zsa Zsa Padilla has been continuously appearing on television as a performer but she has already shifted her lifestyle toward farming. The 59-year-old actress has found her home away from the city in Lucban, Quezon. Zsa zsa shared the property with her partner, Conrad Onglao. In an interview with Summit Media, Zsa zsa admitted that being a farmer is not an easy task. She was quoted as saying, 'Farming, actually, is not a relaxing job. It's very hard work. It's manual labor.' Called Casa Esperanza, the public can also visit their farm by booking through the platform Airbnb. Take a look at Zsa zsa's
Read more »
House panel dismayed over absence of DPWH officials in Ungka Flyover hearingILOILO CITY – The House Committee on Public Works and Highways grilled the Department of Public Works and Highways (DPWH) over the substandard flyover in Iloilo that was a pet project of former Ilonggo Sen. Franklin M. Drilon.
Read more »
The hybrid workplace modelBefore the pandemic, the standard process for workplace designers in developing concept stories in line with design inspirations was mostly based only on the background of a client company, brand and distinctive qualities. /PDI
Read more »
Yassi Pressman gets cozy with Sandro Marcos amid breakup rumors with Jon SemiraYassi Pressman was seen cozying up with presidential son, Ilocos Norte Rep. Sandro Marcos during a party last July, and then getting a kiss on the cheek from Camarines Sur Gov. Luigi Villafuerte at a recent event. READ:
Read more »