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BusinessWorld
May 28, 2021 | 12:03 am
THE HOUSE of Representatives sitting in plenary approved a bill proposing to make pensions portable as workers change employers and to introduce investment options for pension account holders.
In plenary session late Wednesday, legislators approved House Bill 9343 or the proposed Capital Market Development Act. The measure was elevated by Committee on Banks and Financial Intermediaries Chairman and Quirino Rep. Junie E. Cua to the floor on May 17.
“House Bill 9343 is approved on second reading,” Valenzuela Rep. Weslie T. Gatchalian, sitting as deputy speaker, said.
The proposed law seeks to broaden the capital markets by addressing deficiencies in the current pension system. The bill hopes to make pensions “fully-funded, portable, more actuarially fair, and stable.”
BusinessWorld
May 27, 2021 | 8:13 pm
SC.JUDICIARY.GOV.PH
SUPREME Court Associate Justice Marvic Mario Victor F. Leonen did not celebrate the dismissal of the impeachment complaint against him by the House of Representatives on Thursday, saying it was a waste of time and was ill-motivated to begin with.
âThere is no victory to be celebrated by anyone. If anything, it should remind some not to waste our time and resources for narrow parochial selfish gains,â Mr. Leonen said in an e-mailed statement on Thursday.
âA dismissal on the basis of the mere face of the impeachment complaint affirms the baselessness of the grounds raised. It is an act that powerfully speaks for itself,â he added.