One of our readers, Marvel Tan, came up with a valid point on why our lawmakers should allot more time to crafting a better bill that would establish and define the operations of the proposed Maharlika Investment Fund.
The country’s outstanding debt is closing in on the P14-trillion level, putting more pressure on the Maharlika Investment Fund to finance major infrastructure projects and eventually trim government obligations.
An “ironclad” provision to ensure that the pension funds will not be touched or compromised should be included in the Senate’s version of the Maharlika Investment Fund (MIF) bill, Senate Minority Leader Aquilino “Koko” Pimentel III said Tuesday. Pimentel pushed for such a provision after the minority bloc disclosed that “the threat that MIF would dip its hands into retirees’ pension funds is very much alive.”