2023-03-28 08:31
Gov't eyes reforms in military personnel's pension to avoid ‘fiscal collapse'
MANILA, Philippines — The government wants to reform the uniformed military personnel (MUP) pension system to avoid a 'fiscal collapse,' Finance Secretary Benjamin Diokno said on Tuesday. The government proposed four reforms: Receipt of pension by 57 years old Mandatory contributions for active personnel and new entrants Removal of automatic indexation of pension to the salary of active personnel of similar rank Application of reform to all active personnel and new entrants 'We want to reform them.

https://newsinfo.inquirer.net/1749196/govt-eyes-reforms-in-military-personnels-pension-to-avoid-fiscal-collapse

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