Efforts are now underway to reform the pension system of the Armed Forces of the Philippines (AFP), Defense Undersecretary Ernesto Boac said Tuesday.
He made this statement at the House of Representatives during the budget hearing for the Department of National Defense.
Boac said that they are now coordinating with the proper agencies, most especially the Government Insurance Service System, to expedite the reforms and ensure that pensioners get their due without any delay.
He added that they are also seeking the help of Congress, in crafting a bill, which will allow them to do the reforms needed.
Boac made this statement when questioned by ACT Teachers Rep. Antonio Tinio on the update of the AFP pension system.
Tinio asked this question when he learned that the defense department is allocating Php42.38 billion out of the projected Php141.85 billion budget for 2015.
The former also claimed that the increase was being sought despite problems in the administration of its pension body, the Retirement and Separation Benefits System.
http://www.pna.gov.ph/index.php?idn=1&sid=&nid=1&rid=682163
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