MANILA, Philippines — Albay 2nd District Rep. Joey Salceda has warned government officials that the security sector may face problems worse than mass retirement if the military and uniformed personnel (MUP) pension fund collapses. Salceda told reporters in a message on Tuesday that the government must balance the needs of the MUPs with the sustainability of the fund — noting that financial sustainability is tied to national security. Last May 2023, Finance Secretary Benjamin Diokno said that the MUP pension fund needs reform to avoid a collapse.

https://newsinfo.inquirer.net/1790928/salceda-says-govt-may-face-worse-than-mass-retirement-if-mup-pension-fund-collapses

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