The government is now eyeing to tap the Government Service Insurance System (GSIS) to serve as fund manager for the proposed pension fund for military uniformed personnel (MUP).
THE government is now eyeing to tap the Government Service Insurance System to serve as fund manager for the proposed pension fund for military uniformed personnel .
“As of now there is nothing firm on that and there are still other discussions, but during discussion our role is only as a fund manager,” Veloso added.IN his speech at the GSIS anniversary event, President Ferdinand R. Marcos Jr. said he decided to enlist the state-run pension fund to help in reforming the pension scheme for MUPs due to its “almost century worth of operational knowledge.”
He noted GSIS has “earned a solid reputation” not only in fund management, but also maintaining actuarial solvency and strategic income generating activities.
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