Finance Secretary Benjamin Diokno has sounded the alarm on 'unsustainable' pensions for our military and other uniformed personnel (MUP), warning of an imminent fiscal collapse if reforms are not initiated soon. The MUP includes the Armed Forces of the Philippines, the Bureau of Jail Management and Penology, the Bureau of Fire Protection, the Philippine National Police, the Philippine Public Safety College, the Philippine Coast Guard, and the Bureau of Corrections. The ranks of retired and retiring MUP are actually not that large compared with those of the private Social Security System (SSS) and the Government Service Insurance System (GSIS) but the uniformed personnel's pensions are funded from the government's own internally generated revenues and borrowings, unlike the SSS and GSIS, where monthly contributions are deducted from their salaries and from their employers.

https://opinion.inquirer.net/163000/pensions-gray-and-grayer

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