1 minute read

‘Viable solution’ nears in MUP pension reform

THE chairman of the House Committee on Appropriations on Sunday assured that Congress would find a “viable solution” before the end of the year to the issues in reforming Military and Uniformed Personnel (MUP) pensions.

Ako Bicol Party-list Rep. Elizaldy

S. Co assured the passage of the MUP pension reform bill along with other priority bills before the Christmas break of Congress on December 15.

Co said the solution to the “issues surrounding the MUP pension … benefits everyone involved.”

According to the lawmaker, the MUP pension reform bill will be passed together with the proposed measures on the motor-vehicle user’s charge, the Revised Procurement law, the new Government Auditing Code, the rationalization of a mining fiscal regime and for a National Water Act.

Earlier, Finance Secretary Benjamin E. Diokno announced the President has approved decreasing the contributions of the government to the pool of funds for the pension of MUP, among other reforms to avoid a fiscal collapse.

“We are fully aware of the urgency of these priority bills and their direct impact on the lives of the Filipino people,” Co said. “These bills represent our commitment to protecting local farmers, promoting fair competition, empowering communities,

This article is from: