(PHILSTAR) MANILA, Philippines — The economic team of the Marcos administration has kicked off a series of dialogues for the planned overhaul of the pension for the military and other uniformed personnel (MUP). Representatives from the Department of Finance (DOF), Bureau of the Treasury (BTr), state-run Government Service Insurance System (GSIS), Department of Budget and…
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(INQUIRER) MANILA, Philippines — Sen. Jinggoy Estrada on Sunday said the Armed Forces of the Philippines was supportive of the proposal to collect contributions from military and other uniformed personnel (MUP) for their pension fund, which President Ferdinand Marcos Jr. warned would soon be depleted. This signals a breakthrough in the tricky issue of reforming…
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(POLITIKO) There is an urgent need to reform the pension system for the military and uniformed personnel (MUP) to avert a possible fiscal crisis in the near future, National Treasurer Rosalia de Leon said during a recent hearing at the Senate. As such, the treasury department also wants those in the active service and new…
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An acceptable military and uniform personnel (MUP) pension reform: Senator Jinggoy Ejercito Estrada underscores the need to strike a balance in legislating a new military and uniformed personnel (MUP) pension system. “It has to be, it must be acceptable to all parties concerned. Ladies and gentlemen, I do not want to rush things. There is no…
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Ngayon po ay sisimulan natin ang pagtalakay at paghimay sa masalimuot na usapin ng pensyon ng ating Military and Uniformed Personnel o MUP. As far as I know, efforts to rationalize pension and retirement schemes of our uniformed personnel have been included as a priority legislation of the LEDAC as early as the 13th Congress…
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OFFICIAL VISIT TO THE PHILIPPINE ARMY: Senator Jinggoy Ejercito Estrada visited the Philippine Army headquarters in Fort Bonifacio, Taguig City on April 17, 2023, where he was warmly welcomed by Commanding General Lt. Gen. Romeo Brawner Jr., Army Vice Commander Major Gen. Steve Crespillo, Army Chief of Staff MGen. Potenciano Camba. Command briefing concerning the…
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(GMA NEWS) The Senate committee on national defense and security, peace, unification and reconciliation will tackle the measures seeking to reform the military and uniform personnel (MUP) pension system in May. This was disclosed by Senator Jinggoy Estrada, the panel’s chairman, days after Finance Secretary Benjamin Diokno said that President Ferdinand “Bongbong” Marcos Jr. is “okay” with…
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I, along with some of my colleagues, have filed proposed legislation to address the fiscal hemorrhage that the current pension system for military and uniformed personnel retirees is causing our government coffers. Indeed, we are facing a ballooning pension requirement without viable funding sources. The MUP pensions are way higher than the budgetary requirement for…
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