Defense Secretary Gilbert Teodoro Jr. on Thursday expressed hope that Congress will soon enact a bill on the reform of the pension system for military and uniformed personnel (MUP).
Defense Secretary Gilbert Teodoro Jr. on Thursday expressed hope that Congress will soon enact a bill on the reform of the pension system for military and uniformed personnel .ng ating Presidente [Ferdinand “Bongbong” Marcos Jr.] ay makalatag agad ng bagong pension system para sa Armed Forces," said Teodoro in an interview on Unang Balita.
“Ito ay tinatrabaho na, kinokonsulta na at sana sa madaling panahon ay mai-enact ng ating Kongreso at mapirmahan ng ating Pangulo,” he added.“Ang kuwestiyon ay sino at magkano ? Yun ang mga questions coming from the financial sector,” he said. The proposed reform of the MUP pension includes the removal of automatic indexation in pension and the imposition of mandatory contributions on military personnel.In March, Finance Secretary Benjamin Diokno said Marcos is
with the proposal to reform the pension system for the MUP, as he warned that failure to address the ballooning cost of pensions for retirees could lead to a "fiscal collapse."about the impact of the proposed new pension system on the morale of soldiers and policemen.
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