Top Story: President Ferdinand Marcos Jr. warns the pension fund of the country’s military and uniformed personnel could be gone in five years.
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Philippine President Ferdinand Marcos ruled the country for over two decades before his downfall in 1986. While he is known for a lot of things, one of his legacies has recently resurfaced: the potential depletion of the pension fund of military and uniformed personnel.
According to a recent report from the Government Service Insurance System (GSIS), the pension fund for the military and uniformed personnel could be depleted in the next 5-6 years. This is due to the increasing number of retirees and pensioners, as well as the government’s delayed contributions.
The pension fund, known as the Military and Uniformed Personnel’s Savings and Loan Association, is the retirement benefit system for military and uniformed personnel such as police officers, soldiers, and firefighters. It was created during Marcos’ regime in 1978 to ensure the financial security of these personnel after retirement.
However, the GSIS report revealed that the current contribution rate of 9 percent is not enough to cover the increasing number of retirees and pensioners. The report also mentioned that the government has been slow in paying its share, with arrears amounting to almost P6 billion as of December 2020.
This issue has sparked concern among the military and uniformed personnel, who rely on the pension fund as their primary source of income after retirement. Some fear that they may be left without any financial support if the fund is depleted.
The government has responded to these concerns by assuring the public that they are working to address the issue. In a statement, Budget Secretary Wendel Avisado said that the government is committed to ensuring the financial stability of the fund and that they are exploring different avenues to address the issue.
Despite these promises, some have criticized the government for their inaction, stating that they should have addressed this issue years ago. The issue of delayed contributions has been ongoing since 2011, with the government’s debts to the pension fund steadily increasing over the years.
The potential depletion of the pension fund for military and uniformed personnel is a serious issue that needs to be addressed urgently. The government must take immediate action to ensure the financial security of those who have dedicated their lives to serving and protecting the country. While Marcos’ legacy may still be felt in many aspects of Philippine society, his handling of this pension fund has left a lasting and troubling legacy for those who have served their country.
mga keyboard warrios nalang isalang nyo sa mup
PBONGBONG TIMBANGIN MO LANG NG HUSTO ANG DECISION MO. ANG PAGKA ASTIG MO NGAYON AY DAHIL SA IYO ANG MUP NA NGAYO'Y BALAK NYO NI JOKENO NA GULOHIN.
Wag na kayong magrecruit ng bagong MUP.. di nyo pala kayang supportahan.
Sayang boto namin .d na kami boboto olit .Mabuti pa mga duterte
Mawawalan ang mga future retirees kapag Hindi natuloy ang MUP pension reform.
Ano na masasabi nyo dyan haha,,,kala ko b mahal kau ni tatay,kala ko b maaayos ang problema na yan ni junior,,yng nga 20pesos per kilo ng bigas waleey pa din ehh,,yan pa kaya??
Dapat kasi kalahati lang dinagdag sa sahod. Hindi pinag isipan ni Prrd yan. Nagpa pogi lang sya ng husto sa pulis at sundalo
Snippet: That is one account I did mention it should be included in the Digitalized Budget Fiscal Policy. Why? Your president and his selected cabinets who serve him would have a direct eye-surveillance to all open accounts, but certainly with the gov't program for pension-plan, either for military arm-forces, or for all gov't hired full-time employees and few others. You may want to mention to the sitting president — the time has come to switch the now budgetary management over to electronic or digital filing organization policy — more efficient and altogether stops corruption and no more pera stealing. I believe you all would favor the new annual money or budget system — The Digitalized Budgetary Policy. Godspeed, PH. must behave. may2023.
EXHIBITION NG ATING HUKBONG PANDAGAT, NA PINANGUNAHAN NG ATING PANGULO.
NASA 1,/32 PA LANG KAPASIDAD NG ATING SANDATAHANG PWERSA!!!
MAY PAGBABAGO, KUMPARA SA MGA NAKARAANG ADMINISTRASION, NGUNIT MALAYONG MALAYO PA, ANG TATAHAKIN, NG SANDATAHANG PWERSA, SA LARANGAN NG .KANIANG MGA KAGAMITAN AT TRAINING NG ATING MGA KASUNADULAHAN!!!
KAILANGAN PANG MAGSUMIKAP, PARA MADAGDAGAN NG HUSTO NG MGA BIG TICKET HARDWARES, ANG KAGAMITAN NG PWERSA NG BNSA!!!
AT PAIGTINGIN ANG MGA TRAINING AT PAG HAHASA NG ISKILLS SA PAGGAMIT NG MGA SOFISTIKADONG MGA KAGAMITAN NA ITO!!!
DAHIL MASASAYANG LANG ANG PONDONG GINASATA, KUNG HINDI SAPAT ANG TRAINING NG ATING MGA SUNDALO!!!!
ARAL NG ARAL!!!!
HASAIN ANG OTAK, SA PAGAMIT NG MGA KAGAMITANG ITO!!!
AT HASAIN, ANG KOORDINASYON, NG LAHAT NG SANGAY NG SANDATAHANG PWERSA!!!
ANG ARMY, NAVY AT AIR FORCE!!!!
ISIPIIN NIO, NA ANG INIONG HIRAP, TALENTO AT TALINO AY ALAY NIO SA BNSANG UMARUGA, AT PINAGMULAN NG LAHI NINIO!!!
KAILANGAN, NGAYON PA LANG, AT HINAHASA NIO NA ANG INIONG ESTRATEHIYA, SA PAGSUPIL NG KALABAN NG BNSA!!!!
NAIINTINDIHAN NIO BA MGA SINASABI KO???
NOW, IPAKALAT AT I SHARE ANG AKING MGA KOMENTOS SA BUONG PILIPINAS, AT SA BUONG MALACANANG, AT SA ATING BAGONG PRESIDENTE, NG MAKATULONG NAMAN KAYO SA ATING BNSA!!!! DO IT NOW!!!
Hahahaha kunin sa nakurakot ng Davao Group di ba sabi tatay Gongdi "pulis ko". Tanginang matanda iyan nilublub sa hukay ang Pinas
Tama, solar, battery, windmill kailangan, problema mahal presyo
Ambango ni ParauDU dahil dinoble sahod ng AFP & PNP pero di inisip kung saan kukunin yung pera. Bumantot si Bbm dahil balak bawasan dahil walang pagkukunan.