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https://www.rappler.com/nation/things-to-know-proposed-military-uniformed-personnel-pension-system-act/

BY MAYVELIN U. CARABALLO, Manila Times, Feb 20, 2017 Budget Secretary Benjamin Diokno said reforms in the uniformed personnel’s pension system are part of the priority bills that will be pushed by the Legislative-Executive Development Advisory Council (Ledac). “The Ledac agreed that there should be a review of the pension system for uniformed personnel,” he…

MANILA — Malacanang has ordered the abolition of the Armed Forces of the Philippines-Retirement and Separation System (AFP-RSBS) in an effort to curb inefficient public spending.

ENLISTED personnel and active and retired generals on Monday slammed a revamped pension system as unacceptable, saying they would bear the cost of reforming the Armed Forces’ “corrupt” Retirement Separation and Benefits System.

MANILA, Philippines – The Armed Forces of the Philippines (AFP) yesterday expressed concern over the looming crisis in the military’s pension system that could affect the retirement benefits of soldiers.

BUDGET Secretary Florencio Abad on Monday warned of a looming pension crisis at the military and the police, saying that the government will soon have to allocate a far bigger budget for retired soldiers and policemen than for those in active service.

MANILA, Philippines – The government will save P11 billion annually once reforms are implemented in the military’s retirement system, an official of the Armed Forces Retirement and Separation Benefits System (RSBS) disclosed yesterday.

OFFICIALS from the Department of National Defense have been debating lately on the proposal to raise the current compulsory retirement age of soldiers from 56 to 58. The debates are in relation to the DND’s current effort to craft measures to reform the present military retirement system.

MANILA, Philippines – About 200 military pensioners yesterday trooped to Camp Aguinaldo in Quezon City to demand the release of their retirement benefits, coinciding with the start of the celebration of Pension Week.

THE Armed Forces of the Philippines Retirement and Separation Benefits System (AFP-RSBS) wanted to reduce the pension increases of retired soldiers to 10 percent every five years from 11.5 to 16.4 percent to arrest its ballooning arrears that is expected to reach more than P1 trillion by year 2040.

MANILA, Philippines – The proposed reforms in the armed forces’ pension system would not affect the military’s recruitment efforts, even if these would reduce the benefits given to future retirees, a senior officer said yesterday. Armed Forces of the Philippines (AFP) spokesman Commodore Miguel Rodriguez said soldiers enter the service because of the desire to…

ONE of the reforms being proposed by a financial institution of the Armed Forces will reduce the pension benefits of retired servicemen but raise by two years the mandatory retirement age from 56 years old.

MANILA, Philippines – The armed forces’ Retirement and Separation Benefits System (RSBS) wants the military’s compulsory retirement age raised to 58 from 56 in line with efforts to reduce and manage the government’s pension arrears. The RSBS also proposed amendments to some benefits given to soldiers to address concerns that the government may be spending…

MANILA, Philippines – A new pension body that will replace the military’s Retirement and Separation Benefits System should be managed by civilian financial experts rather than soldiers to ensure that its funds are handled efficiently, an RSBS official said yesterday.

MANILA, Philippines – The government needs P120 billion for 10 years to support a new and reformed military retirement system and to address its pension arrears, an official of the armed forces’ Retirement and Separation Benefits System (RSBS) said.

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…

MANILA, Philippines – Armed Forces chief Gen. Ricardo David Jr. urged yesterday Congress to find funds to finance the unpaid pension benefits of retired soldiers.