An “ironclad” provision to ensure that the pension funds will not be touched or compromised should be included in the Senate’s version of the Maharlika Investment Fund (MIF) bill, Senate Minority Leader Aquilino “Koko” Pimentel III said Tuesday. Pimentel pushed for such a provision after the minority bloc disclosed that “the threat that MIF would dip its hands into retirees’ pension funds is very much alive.”
An “ironclad” provision to ensure that the pension funds will not be touched or compromised should be included in the Senate’s version of the Maharlika Investment Fund bill, Senate Minority Leader Aquilino “Koko” Pimentel III said Tuesday.
Although Section 6 of the proposed bill states that government-owned and controlled corporations providing for the social security of government employees, private sectors, workers and employees, and other sectors and subsectors, such as but not limited to the GSIS, SSS, and Home Development Mutual Fund are not requested or required to contribute to the Maharlika Investment Corporation , Section 12 of the MIF bill still allows their “voluntary investment.
“Hindi pwedeng pilitin. Hindi puedeng hingan. Pero kung kusa at boluntaryong magbibigay, tatanggapin naman!” Pimentel said.
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