Bilyonaryo - Business

Government officials meet with PNP to discuss MUP pension reform

June 8, 2023

Bilyonaryo.com

Some key officers from the Department of Finance (DOF), the Bureau of the Treasury (BTr), and the Government Service Insurance System (GSIS) convened a dialogue with the Philippine National Police (PNP) last June 7 to discuss proposed reforms to the pension system for Military and Uniformed Personnel (MUP).

The forum with the PNP is the second leg of a comprehensive series of consultations.

Prior to this the government’s economic team also consulted with the Armed Forces of the Philippines to gather their sentiments.

National Treasurer Rosalia V. De Leon discussed the goals of the proposed reform and emphasized its intention to maintain the quality of life of uniformed personnel while balancing long-term financial sustainability.

Approximately 300 police officers attended the meeting in person, while an additional 1,000 participants joined online.

The economic team welcomed the concerns raised by the PNP and assured them that these concerns would be taken into serious consideration during the formulation of the formal proposal.

One of the key issues raised during the meeting was whether the pension for uniformed personnel would be the same as that for civilian civil servants.

GSIS senior vice president George S. Ongkeko Jr. addressed this concern, assuring the attendees that the GSIS would only manage the funds and would protect the independence of the MUP pension.

“At GSIS, we ensure that there is no co-mingling of funds. You don’t need to worry. GSIS manages various funds, and for all those funds, we make sure that there is no co-mingling. Each fund is separate.”

Related News Tags: Bureau of the Treasury (BTr), Department of Finance (DOF), Government Service Insurance System (GSIS), military and uniformed personnel (MUP), pension system, Philippine National Police (PNP)

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