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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.”

Juniee cuaGillianm cortezWesliet gatchalianCommittee on banksCapital market developmentCapital market development councilHouse billFinancial intermediaries chairmanEmployee pensionRetirement incomeRetirement payகுழு ஆன் வங்கிகள்மூலதனம் சந்தை வளர்ச்சிமூலதனம் சந்தை வளர்ச்சி சபைவீடு ர சி துஊழியர் ஓய்வூதியம்