This is the fourth and hopefully the final hearing of our proposed measure on the Military and Uniformed Personnel (MUP) pension reform.
As reiterated by our fiscal managers, we are pressed for time: the passage of the MUP pension reform bill is earnestly and urgently sought so as not to create any fiscal risks that may compromise the state’s ability to fund both the MUP pensions and a credible defense posture.
All of us here would agree that our shared objective is plain and simple: we must have a clear policy direction to guarantee that the pension requirement is sustainable for the next one hundred years. Nonetheless, we must be grounded in reality that our fiscal capacity is limited while at the same time, be very certain that we will not shortchange the welfare and interest of our uniformed retirees.
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