New Defense chief Teodoro says Marcos' first order is to push for MUP pension reform

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Newly appointed Defense chief Gilbert Teodoro Jr. on Wednesday bared President Ferdinand Marcos Jr.'s 'first marching order' for him, which is the continuation of the reform on the military and uniformed personnel (MUP) pension system.

Newly appointed Defense chief Gilbert Teodoro Jr. on Wednesday bared President Ferdinand Marcos Jr.'s "first marching order" for him, which is the continuation of the reform on the military and uniformed personnel pension system.

Asked about his possible contribution to the process, Teodoro said he would review the proposed adjustments to ensure that the new pension system would be self-sustaining. The proposed reform on the MUP pension includes the removal of automatic indexation in pension and the imposition of mandatory contributions on military personnel.and affect the recruitment rate, Teodoro said the job is still attractive considering the non-monetary benefits.

 

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