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Gov’t eyes reforms in military personnel’s pension to avoid ‘fiscal collapse’

2 years ago Philippines inquirer

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MANILA, Philippines — The government wants to reform the military uniformed personnel (MUP) pension system to avoid a “fiscal collapse,” Finance Secretary Benjamin Diokno said on Tuesday. The government proposed four reforms: Receipt of pension by 57 years old Mandatory contributions for active personnel and new entrants Removal of automatic indexation of pension to the […]

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