Tag: pension

Posted on

Ping Lacson to Look into ‘Discrimination’ in Pension Payments for Senior Citizens

Should he earn a Senate seat in May, independent senatorial candidate Panfilo “Ping” M. Lacson will look into the alleged discrimination experienced by senior citizens regarding pension payments.

Lacson said he is mulling revisiting the relevant laws to see if there is a legislative solution to this, after he learned of one such instance during a Konsultahang Bayan forum in Cebu last week.

“During the forum, a seaman said his parents were denied pension supposedly because he is a seaman and that he earns a lot. That’s the wrong approach,” he said. “We’ll look into that by way of legislation, so we can come up with an institutionalized solution.”

Related: Ping Lacson, Iimbestigahan ang ‘Diskriminasyon’ sa Pension ng Mga Senior Citizens

Continue reading “Ping Lacson to Look into ‘Discrimination’ in Pension Payments for Senior Citizens”

Posted on

TALKING POINTS IN REFORMING THE MUP PENSION SYSTEM: A Position Paper of PMA Class of 1971, Inc.

Any proposed changes should not be discriminatory, hence must apply to other non-contributory systems like the judiciary, prosecution service, and constitutional commissions. Also, the diminution of pension benefits will violate the Constitution. These are among the talking points of the Position Paper of the PMA Class of 1971, Inc., discussed in further detail.

Continue reading “TALKING POINTS IN REFORMING THE MUP PENSION SYSTEM: A Position Paper of PMA Class of 1971, Inc.”

Posted on

Military and uniformed personnel pension conundrum [BusinessMirror]

From BusinessMirror: Retirement pensions, especially for those who have served honorably in the AFP and other uniformed services, must be treated as a vital part of an incentive package for retirees as well as for those planning to serve the country through the profession of arms. This was the stand of the Philippine Military Academy (PMA) “Matatag” Class of 1971 Inc. in its position paper.

Continue reading “Military and uniformed personnel pension conundrum [BusinessMirror]”

Posted on

REFORMING THE MUP PENSION SYSTEM: A Position Paper of PMA Class of 1971, Inc.

This position paper is an offshoot of the pronouncement of Department of Finance (DOF) Secretary Benjamin Diokno on March 28, 2023 about the Marcos administration’s intent to overhaul the pension system of the military and uniformed personnel (MUP).

Continue reading “REFORMING THE MUP PENSION SYSTEM: A Position Paper of PMA Class of 1971, Inc.”

Posted on

Senate Committee Hearing on MUP Concerns

Sen. Lacson’s Opening Statement at the Hearing

Good morning, everyone.

As a refresher, allow me to briefly recount where we left off after the Joint Committee Hearing that we conducted last February of 2021, pertaining to the proposed measures that seek to address the pressing concerns from the ballooning pension requirements of our Military and Uniformed Personnel (MUP).

Before the suspension of the said hearing, the Committee had requested the following:

1. For various MUPs to submit to the Government Service Insurance System (GSIS) the necessary data with respect to the new entrants, so the latter will be able to update its actuarial study dated 05 January 2021; and

2. For the agencies to submit complete data on the real properties to aid the Bureau of Internal Revenue (BIR) in computing the total value of assets that may be considered in establishing the seed fund.

This Committee has been informed that, to date, the GSIS is yet to update its actuarial study due to either incomplete or delayed submission of some agencies. We can skip this for now as we were told the aggregate amount involved is not substantial enough to contribute to the reduction of subsidies coming from the GAA. Not to mention that the incomplete submission of data has already delayed the crafting of the committee report.

Continue reading “Senate Committee Hearing on MUP Concerns”