Go: Proposed military pension reform should apply to new entrants only

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Go: Proposed military pension reform should apply to new entrants only
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Senator Christopher “Bong” Go has urged Malacañang to thoroughly study the proposed reforms in the military pension saying it should only apply to new entrants or those who will join the military in the future. | ManilaBulletin

Go made the appeal as the Marcos government’s finance managers expressed their intent to reform the military’s pension to avoid a financial disaster in the future.

“Kahit isang boto lang po ako palagi kong ipaglalaban kung ano ang tama at makakabuti po sa military at sa ating mga uniformed personnel. Naintindihan ko po ang concern ng ating mga finance manager, pero ‘wag po natin itong gawin at the expense of the military ,” he pointed out. “Kaya dapat po'y huwag na natin silang paobligahin pa doon sa mandatory contribution. Dapat po exempted sila doon ,” Go added.

“Alam n’yo karamihan po sa ating mga military, expecting na sila sa kanilang matatanggap. Once they retire, ‘yung iba po ay naka-loan, ‘yung iba ay nakautang na at mayroong nakalaan na, nakaplano na ito sa kanilang mga anak, sa kanilang mga pamilya. Nakaprograma na po ang kanilang mga pera ,” he explained.

Go said he also strongly opposes the removal of automatic indexation in their pension. In the case of the pension fund of the Philippine military, automatic indexation refers to the regular adjustment of the pension benefits of retired military personnel along with the salary increases of active Military and Uniformed Services Personnel.

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manilabulletin /  🏆 25. in PH

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