Senate President Juan Miguel Zubiri wants the retirement fund of the Armed Forces of the Philippines to be run by the GSIS. | DFernandezINQ
“Pero if you ask me, that is sort of like mismanagement of funds because what should be done is similar to GSIS or SSS [Social Security System] kung saan may pension fund po tayo na nag-i-invest sa iba’t ibang mga income-generating projects or programs para sa ganu’n ‘yung kanilang pondo ay self-financed,” he explained.
Zubiri added: “Ako [I], personally, we can create the AFP retirement fund and put it as an attached agency of the GSIS, run by the GSIS.”“We have to fix that kasi kung hindi [because if not], it will balloon our deficit and our expenses in the national budget. It has to be done by this administration, particularly this Congress. Committed po kami diyan [We are committed to that],” he said.
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