More early retirees expected due to pension reforms; optional retirement age should be increased – Secretary Galvez

by | Sep 1, 2023 | Retirement Pension | 42 comments




Nagpahayag ng pangamba si Defense OIC Carlito Galvez sa posibleng maging epekto ng panukalang reporma sa pension system sa uniformed personnel sa bansa.

Aniya, maaaring dumami ang mga pulis at sundalo na mas pipiliing maagang mag-retiro kaya iminumungkahi niyang taasan ang edad ng optional retirement.

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Early retirees will increase as a result of pension reforms, optional retirement age should be raised – Sec. Galvez

Recent discussions about pension reforms and increasing the optional retirement age have sparked a debate about the future of retirement in our country. The government, led by Secretary Carlito Galvez Jr., believes that these reforms are necessary to ensure the sustainability of the pension system and to address the changing demographics of our society.

According to Secretary Galvez, one of the main reasons for the proposed pension reforms is the increasing number of early retirees. Many individuals are choosing to retire early due to a variety of factors such as health concerns, desire for a more relaxed lifestyle, or a desire to pursue other opportunities. While it is understandable that people may want to retire early, this has significant implications for the sustainability of the pension system.

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Currently, the pension system is designed to provide financial support to retirees for a certain number of years, assuming they retire at the designated retirement age. However, if more people choose to retire early, the system may struggle to accommodate this increase in beneficiaries. As a result, the government is considering implementing pension reforms to address this issue.

Another proposal put forward by Secretary Galvez is to raise the optional retirement age. Currently, individuals can choose to retire as early as 60 years old, while the mandatory retirement age is typically set at 65. However, given the increasing life expectancy and the need for people to work longer to secure a comfortable retirement, it is necessary to reconsider these ages.

By raising the optional retirement age, individuals will be encouraged to stay in the workforce for a longer period, contributing not only to the pension system but also to the overall economy. This will help alleviate the burden on the pension system and ensure its long-term sustainability.

Additionally, increasing the retirement age also recognizes the changing nature of work and the fact that many individuals are now able to continue working well beyond the traditional retirement age. With advancements in technology and improvements in healthcare, many individuals are remaining healthy and active much longer than previous generations.

However, it is essential to address valid concerns about the physical demands of certain jobs and the need for job opportunities for younger workers. These concerns can be addressed through comprehensive policies and targeted support systems that ensure older workers can transition into less physically demanding roles or mentor younger employees.

See also  rewrite this title Retirement Nightmare: Pension Funds Plummeting at Record Speeds!

In conclusion, the proposed pension reforms and increase in the optional retirement age are necessary steps to address the challenges posed by early retirees and the changing demographics of our society. By implementing these reforms, we can ensure the sustainability of the pension system and create an equitable and prosperous retirement for all Filipinos. It is crucial for stakeholders to engage in a constructive dialogue to shape these reforms and ensure that they reflect the needs and aspirations of the Filipino people.

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42 Comments

  1. Pleasant Eyes

    Maganda mag create ng Office of Pensioner, Retiree, Survivor, and Transferee Affairs (OPRSTA) under the Office of the President

  2. Comrade Putin

    One rank higher p din sa sundalo sa lespu wag na sayang lang

  3. Ednear Near

    Si2hin nyo c DUTERTE

  4. Badong Calanoy

    This is high time for Congress to look into the Balance of Liberty of the Filipinos vs Authority of the State.
    Phil economy is not on its full throttle to fund its role as Father and Guardian of the Filipinos.
    Also identify areas of Socio Political malfunctions and address it.
    This incapability to meet MUPs pension is a warning that Phil govt might be on its way to bankruptcy !

  5. Alfredo II Dequito

    Magkaron ng contribution
    20yrs pwede parin umalis at mgpension… contribution lang naman gusto nio

  6. Alfredo II Dequito

    Dipo ipasa nio napo para malaman nio po ang sinasabi at gusto ni mangyare ni jokno

  7. Cristito Angob

    HOY! ROSA DE LEON KULANG KALANG SA PANSIN. BAKIT NYO NAMAN SINISINGLE-OUT AND MUP ABER?

  8. alvin onserp

    Soss puro panakot ninyo kysa mgresign mgretired o palubog n nga ang budget wala ng pira ang goberno hindi kau mkaiintindi wh

  9. Jus tine

    Bakit nung panahon ni Cory, Estrada, Ramos, Pinoy at Duterte ay walang problema sa Ganyan bakit uulitin n nman Nila

  10. Jus tine

    Ok ka lang galvez mayaman kana kung Ikaw kaya nasa situation ng mga sundalo at PULIS masasabi mu pa kaya yan

  11. hehe

    bwesit ka galves takim

  12. Doremon Ginahasa

    Mas maganda nga dahil Yung iba makaka pasok sa trabaho at maipapalit sa iba.

  13. Jesus Lizardo

    Alisin ang dap ng mga senators at congressman para maalis ang corruption at ilagay sa pensioners at mga mamamayan kesa pupunta sa mga buwaya!

  14. Good Ideas

    What a mess

  15. grace maniscan

    Yung mga pabor nito sa MUP pension reform kapag maaprubahan ito sana nandito lang kayo sa pinas at damhin nyo Ang mga pagbabago at epekto niyo sa bansa.

  16. grace maniscan

    Puro panggigipit nyo sa MUP. Expect that from thia day and onwards bababa Ang mag apply sa MUP at Yung nasa serbisyo na ay gusto na mag retire or mag resign.kunti lang Ang strength Ng MUP at dahil sa MUP pension reform na isinuaulong Ng mga magagaling na leaders Ng bansa Ng pinas mas Lalo pa kukunti Ang numbers Ng MUP. Sigurqdon Ako dyan. Be ready for the change mga pilipino

  17. Chris Redfield

    gagu 3% lng ang knakain ng buong defense dept sa anual budget

  18. Riot Macayan

    Pinag initan nyo ang pulis at Sundalo Madali yan Presdent ang palitan, Bakit indi nyo gamitin ang pinagmamalaki ng mga marcos na gold

  19. Jemima Chavez

    Good evening to all of my beautiful and handsome friends somewhere else… thank you so much for sharing always UNTV NEWS the best talaga ! Happy viewing to all
    2:45 2:45

  20. Avatar Airbinder

    Ito ngyn ang resulta ng double2x salary ni mang kanor without thnking putang ina nya..

  21. Nicolas Pedro

    Mas kaming nasa private sector talaga na nagtatrabaho Ang pinakaawa kulang pa allowance maliit na minimum wage may maliit na pension at Hanggang 60 pa bago mag retiro eh sila pweding mag retiro ng maaga. Mga pulitiko,military or uniformed personnel sila pa iyong may malaking sweldo sila may magandang mga benipisyo.

  22. Rodrigo Battad

    pwd naman bawsan sa gsis at rsbs dti nman binabwan ah liit pa sahud wla nman nagreklamo kaso lng inistop nila .wag lng alisin yon indexation …openion ko lng

  23. Juliet Antonio

    Mas ok para naman makapatos mas babata new generation

  24. Jay Defensor

    ang mas manuti dyan ibigay lahat ng ritire pay wla ng pinsion parawla ng problema pagkatapos .trabaho ka nang 20 years kung buhay hanggang 200 taon lugi talaga ang governo.sahod mo nong active 30 thousand. pag retire mo pinsion mo 37 thousand plus bunos pa.hindi naman lahat ng sundalo buwis buhay tulob lng trabaho nla sa kampo. ngayong wla na n.p.a. hayahay na..

  25. 7 77

    sino ba naman gaganahan niyan kahit sino naman nababawasan yung sahod eh magriritiro talaga

  26. ARMD csg

    Hindi naman po puede taasan ang edad, hindi na malakas ang sundalo umakyat sa bundok operation ang ang may edad, paano po makapasok ang mga bata pa sa pagsundalo kung nanatili ang mga may edad po, lalo na may kota ang recruitment pag depende sa budget na pampasueldo.

  27. ARMD csg

    Nasubukan niyo ba ng natutulog sa bundok na nauulanan na kinakagat ng mga lamok, linta ( alimatek) at hinahabol pa ng mga pokyotan, ang.mga nasa hospital lilim nang trabaho nila at air condition Pa nasubukan naman ang naconfine sa hospital makikinis ang mga balat nila mga emplayado, ang sundalo puro putik ang mga uniforme at puro alipunga ang mga paa.

  28. julia Farrugia

    Dapat taasan talaga ng term retirement din dyan sa Pinas kc d2 sa Europe tumataas ang term of retirement nila nd bumababa dating at the age of 61next 63 ngayon at the age of 65y/o na kc kc pag bata pa na magretire along gagawin nila stay home parang jobless na kaya nakapanghihinayang din Yong mga workaholic na may mataas na capability pang magtrabaho or those bright people on their line of job d po ba…

  29. mackly

    Kaming mga nasa government hospital Monday to friday duty namin,8am to 5pm.buwis buhay din kami.binabawasan sahod namin para sa gsis at tax.oo magpepension kami after optional o mandatory retirement.pero para makuha mo ung 90percent ng pension mo dapat more than 35 years ka sa serbisyo tapos.mas maikling serbisyo mas maliit pension mo(minimum of 15years).tapos sa MUP basta nka 20years ka sa service buo ang pension mo at may 1 rank higher pa.parepareho tayong nagsasakripisyo pero lamang kayo kapag benepisyo

  30. Nicky Quezon

    Su IJNGGOY ESTEADA WALANG SA HIRAP NG BUHAY SUNDALO…

  31. Nicky Quezon

    Bakit AFP,PNP,,pinaginitan yng para sa kanila,,,,dapat bawasan yng PORKBARRWL NG SENADOR,CONGRESSMAN,,TAAS SAGOD NG GOCX…LIKE DIOKNO,,MALAKI YNG SWELDO NIYA….

  32. Nicky Quezon

    BAKIT ITONG PBBM admin….baguhin p yng batas n…..senador,Congressman,,walang alam sa hirap n buhay mg Sundalo,,,

  33. Rene Umayao

    Wag n kyong magrecruite ng mup pra wla n kyong problemahin sa pension ng mup,at kanya knya n mgtanggol s sarili,wala ng batas batas total mtgal ng bnababoy ang batas dto sa pinas,gnagwang gatasan lng yan,

  34. Lucky 28

    Mag retire nang maaga kapag marami na nakurakot at na bintang druga!
    May pension pa monthly…
    Sarap nang buhay nga mga pulis!

  35. Rolen Jampolina Jovenes

    Ang mga magnanakaw sa gobyerno ang nagpahirap sa bayan sila sila din nman di n nakuntento gusto i uwi lahat ng kita ng gobyerno hangat p nakita nakaw lang ng nakaw ang kakapal ng mukha sila p yung mga taong nalalakihan sq budget samantala travel allowancevp lang nila ilang buwan sahod n ng MUP.kurapsyon at at pagnanakaw ng walang katapusan syang nagpahirap sa bayan kakapal ng mukha

  36. Y_O_L_O

    Yan humirit pa, sana maranasan din nya trabaho ng MUP kahit isang linggo lng kumpara sa pinapasahod ng gobyerno sa kanya na nagpapalamig lng sa loob ng opisina. Bkit di yung sahod nyan silipin nila?

  37. Nike Husk

    Mag sundalo na lang kaya tayong lahat?

  38. C_marx

    para sa bayan? o para sa pamilya?

  39. stevenvbkulelet nikomikoy

    paanu ung ibang maliliit n govt employees na may share s gsis dun kukunin retirement pay nila…mahirap trbho ng sundalo pero gusto nmn nla un at isa p s sobrang takot s knila ni digonyo na ma coup tinaasan ng sobra sweldo nla naiwan n teachers, nurses etc…ktapos libre p rin sila s gsis pension share nla sobra nmn yan…c galvez ung retirement pay bka aabot nh 20 million ..ang pnp 3 star general 10million plus walang bawas s absences leaves etc buo un…s pnp ayyyy naku khit walng pension mga yan bastat buhay ang negosyo nlang drugs at iba pa ok lng…hindi nga nla pinapansin sweldo nla s dami ng collection

  40. rapnu

    Sa mga bago lang.

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