Latest Breaking News On - He dnd and the department of finance dof confirmed that duterte administration 39s proposed reform mup pension system will only apply to new entrants in service aims createa more financially sustainable quot while versions congress senate have yet be finalized - Page 1 : comparemela.com

(File photo) MANILA - The Department of National Defense (DND) on Tuesday urged the public to refrain from spreading unverified and misleading information regarding the status of the bill seeking to reform the pension system for military and uniformed personnel (MUP). "The DND has taken note of false information circulating online regarding the pension of MUP. We would like to call on the public to refrain from spreading unconfirmed and misleading posts, and be discerning about the information they are consuming and sharing," Defense spokesperson Arsenio Andolong said in a statement. He added that the MUP pension reform bill is still being deliberated in Congress and there are presently no changes in the current salary of active personnel and pension of retirees from the uniformed services. "The salary standardization for civilian government employees under R.A. (Republic Act) 11466 (Salary Standardization Law of 2019) excludes military and uniformed personnel, as provid

Government service insurance systemArsenio andolongDepartment of financeDepartment of national defenseNational defenseRepublic actSalary standardization lawIle photo manila the department of national defense dnd on tuesday urged public to refrain from spreading unverified and misleading information regarding status bill seeking reform pension system for military uniformed personnel mup quot has taken note false circulating online we would like call unconfirmed postsNd be discerning about the information they are consuming and sharingUot defense spokesperson arsenio andolong said ina statement he added that the mup pension reform bill is still being deliberated in congress and there are presently no changes current salary of active personnel retirees from uniformed services quot standardization for civilian government employees under ra republic act 11466 law 2019 excludes militaryS provided under section 4a of the lawUot andolong said earlierHe dnd and the department of finance dof confirmed that duterte administration 39s proposed reform mup pension system will only apply to new entrants in service aims createa more financially sustainable quot while versions congress senate have yet be finalizedHe reform intends to control the looming php9 6 trillion worth of unfunded pension liabilitiesHich may continue to grow if the current scheme prevailsUot andolong said the dof has also cited that mup pension reform is about saving system and crucial to country 39s post coronavirus pandemic fiscal economic recovery senate discussions on proposed point creation ofa dual structure this will retain present retirement benefits of currently active retired personnel while applying only those who enter service upon effectivity law some changes include mandatory contributions fund pensions