Wednesday 26 August 2020

The Department of Finance (DoF

The Department of Finance (DoF) said the government objectives to complete this year a have a look at on the way to decide if integrating the military’s pension system with the nation-run Government Service Insurance System (GSIS) is viable.

“We will end the take a look at, maybe through the stop of the yr. And then we will present that, manifestly, first to the Cabinet. And then if required, which I suppose is needed, it must be legislated,” Finance Secretary Carlos Dominguez 3rd instructed journalists in an interview.

At present, he said, the Finance branch is collecting crucial statistics from the Armed Forces of the Philippines (AFP) to decide the full range of army pensioners.

“We are looking at it. I simply wrote letters to get an updated list of the pensioners, because the contemporary listing we've got is from 2010. So I don’t want to present you any numbers, due to the fact there need to were a lot extra pensioners coming in,” Dominguez said.

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