The government needs P16 billion to pay its arrears to the country’s 112,000 retired soldiers.
This prompted Representatives Rufus Rodriguez (Cagayan de Oro City) and Maximo Rodriguez Jr. (party-list Abante Mindanao) to file House Resolution 1158 urging the House committee on veterans affairs to conduct an inquiry into the matter and come up with options to address the problem.
“There is a need to look into the finances of the government and find possible sources of additional funding to pay the retirement and pension benefits of retired soldiers in the country,” Rodriguez said.
He added the funding problem for the
pensioners had deteriorated since 2006 when the Armed Forces Philippine-Retirement and Separation Benefits System (AFP-RSBS) was deactivated due to irregularities.
Citing a report from Col. Rolando Jungco, chief of the AFP Pension and Gratuity Management Center, Rodriguez said the funding requirement for the retirement benefits of the soldiers have ballooned to P16 billion because some 4,000 to 5,000 soldiers are retiring from the service every year.
Under Presidential Decree 361 that created AFP-RSBS, all officers and enlisted personnel in the active service shall contribute to the System an amount equivalent to 4 percent of their monthly base and longevity pay, which contribution shall be deducted from their pay from the AFP and paid to the System.
Rodriguez said the law provided that any officer or enlisted person, who is separated through no fault of his own and is not eligible for either retirement or separation benefits shall, upon his separation, be refunded in one lump sum all his actual contributions to the AFP-RSBS, plus interest at the rate of 4 percent.
Rodriguez said the irregularities under the AFP-RSBS started when its funds were invested in low-return real estate projects and loans.
“These soldiers have sacrificed the prime of their lives to fight and defend the country but up to this time they are yet to receive their pension and benefits,” Rodriguez said.
Rodriguez said the congressional inquiry shall also “serve notice to all concerned including the Department of National Defense, AFP and such other entities and corporations, which may shed light and resolve the issue.” –Charlie V. Manalo, Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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