House panel OKs ‘acceptable' MUP pension bill
newscatcher
2023-08-16 00:31
House panel OKs ‘acceptable' MUP pension bill
House of Representatives. INQUIRER FILE PHOTO MANILA, Philippines — After almost three hours of deliberation, a House ad hoc committee approved on Tuesday a substitute bill on pension reforms for military and uniformed personnel (MUP) that includes provisions for a special assistance fund for indigent retired MUP as well as uniform rates for lump sum benefits. It also called for MUPs to contribute 5 percent of their basic pay for the first three years, 7 percent for the next three years, and 9 percent after that for those in active service, while new entrants would contribute 9 percent of their base pay.

https://newsinfo.inquirer.net/1817127/house-panel-oks-acceptable-mup-pension-bill

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