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Published February 10, 2021, 6:00 AM
The Bureau of the Treasury (BTr) is urging the lawmakers to immediately reform the present pension system for military and uniformed personnel (MUP) in view of the growing fiscal burden and sustainability risks it poses.
In a statement, National Treasurer Rosalia de Leon said overhauling the MUP pension system is long overdue, and has acquired greater urgency.
De Leon stressed during a public hearing of the Senate Committee on National Defense and Security, Peace, Unification and Reconciliation the full support of the Department of Finance for the proposal to overhaul the MUP pension system.
National Treasurer Rosalia De Leon