The House of Representatives on Tuesday approved on its third and final reading a consolidated bill providing for a pension system for military and other uniformed personnel (MUP), which also provides for a guaranteed three percent annual salary increase for MUP for the first 10 years from the time the proposed law takes effect.
House Bill 8969, also known as the "Military and Uniformed Personnel Pension System Act" received a total of 272 votes from the plenary, while 4 voted against the bill and 1 abstained. Speaker Martin Romualdez said the proposed law rationalizes the system of granting monthly pension and other benefits to personnel of the uniformed services in a way that is fair to them and the national government.
* Creation of two MUP trust funds, one for the Armed Forces of the Philippines and another for uniformed personnel services, and a MUP trust fund committee chaired by the secretary of finance to administer the funds.* Mandatory monthly contribution of 9% of the salaries for new entrants with the National Government providing 12% as its share
For new entrants, or those who entered or re-entered the service after the enactment the proposed MUP pension law, retirement pay will be 50 percent of their base pay plus longevity pay in case of 20 years of service, increasing by 2.5 percent for every year of service beyond 20 years to a maximum of 90 percent for 36 years of service and over.
He also questioned the proposed annual 3% salary increase of MUPs as well as the exemption of active MUPs from contributing to the pension funds.
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