In a statement, the Makabayan bloc called on the public to reject the current administration’s move, saying the Senate version reinstated the use of these pension funds in the proposed Maharlika Investment Fund “while we weren’t looking.” | FArgosinoINQ
Aside from GSIS and SSS, the Senate version of MIF also reincluded Pag-IBIG as the proposed bill’s funding source.
“We note with dismay that the Senate allows the Marcos administration to tap “other sources” of government funding, such as “royalties” and “special assessments.” This is a catch-all provision that opens a vast array of government funds, including, for example, the Malampaya fund, or even income from new taxes, to be funneled to the MIC,” it added.
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