The Department of Finance (DOF) has vowed to resolve the complicated military and uniformed personnel (MUP) retirement and pension system that continues to take a heavy toll on the government’s yearly budget.
The Department of Finance has vowed to resolve the complicated military and uniformed personnel retirement and pension system that continues to take a heavy toll on the government’s yearly budget.
Reforms in the MUP pension scheme was one of the proposals that the Duterte administration had wanted the Marcos administration to seriously consider. Diokno said the Marcos administration wants the Government Service Insurance System , a state-owned firm handling the pension of all government workers, to assume management of the MUP.
However, Diokno said “we have to respect what has already been committed to those who have retired. So, from now on after the military pension bill was passed, those who will enter, those who are in active service will contribute.”
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