The Department of Finance (DOF) assured security and defense officials and officers that they would have representation in the oversight committee of the proposed military and uniformed personnel (MUP) reformed pension system.
THE Department of Finance assured security and defense officials and officers that they would have representation in the oversight committee of the proposed military and uniformed personnel reformed pension system.
The administration’s economic team held consultations with the Philippine Navy last week to discuss the proposed reforms to the MUP pension. Deputy Treasurer Erwin D. Sta Ana assured officers from the Philippine Navy that there will be no co-mingling of funds among MUP and other funds being managed by the Government Service Insurance System . MUP [Per the economic team’s discussion, MUP should have its own accounting system]. That there will be an accounting standard that will be employed just to make sure that there is proper recording of all these funds,” Sta. Ana said.
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