Salceda: Gov’t may face worse than mass retirement if MUP pension fund collapses

“I have suggestions that are different from the administration’s proposal. We in Congress will flesh the matter out. But allow me to simplify the issue: if we run out of funds to support the MUP pension system, there will be graver concerns than a mass retirement,” he added.

However, Salceda leaned toward finding a solution where MUPs would not be asked to contribute just to ensure the viability of their pension. “My requests to the executive were these: Redo the calculations of the unfunded liabilities given 5 years of no MUP salary increase. Reconsider the need for contributions to the MUP pension system. I am thinking about the AFP-RSBS, which ultimately failed to be a self-sustaining system. We need to learn the right lessons from that institution,” he said.

“ Outline and estimate the least disruptive but effective fiscal improvements to the pension system,” he added. Salceda gave this reply to reporters who asked about Senators Ronald dela Rosa and Robinhood Padilla, who said that problems with the pension share issue may weaken the security sector.Both Senators raised concerns about the possibility of MUPs — like those from the Armed Forces of the Philippines, Philippine National Police, Philippine Coast Guard, Bureau of Jail Management and Penology, and the Bureau of Fire Protection — seeking early retirement because of the issue.

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