Deducting pension premiums from the monthly pay of active members of the military and other uniformed personnel may be a “bitter pill to swallow,” but it is necessary to stop state coffers from bleeding dry, Sen. Francis Escudero said. | MRamosINQ /PDI
which are partly financed by members’ contributions, the MUP pension is fully funded by the national government.
“I am more than willing to study the details of this proposal because I agree with [the President] that this problem of the MUP pension should be addressed at the soonest,” the senator said.He said among the questions the DOF must be able to answer was the actual amount that each MUP would be paying.
Mr. Marcos’ economic team has proposed that MUPs in active service contribute 5 percent of their monthly pay for the first three years of the new plan. The TWG said the government would supplement the MUP contributions so that the monthly premium would total 21 percent—16 percent to those in the active service and 12 percent to the new entrants. The total monthly premium is the same for other state employees.
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