A Technical Working Group composed of the Departments of Defense, of Budget and Management, of Finance, and of Interior and Local Government and the GSIS encouraged organising a seed fund that could generate enough hobby sales to cowl the pension requirements of all uniformed services.
According to the state-of-the-art actuarial observe carried out with the aid of GSIS, if no reforms are added to the prevailing pension system, the seed fund would quantity to P5.57 trillion with the intention to keep operating as pension fund for government employees.
However, if reforms are carried out, in particular the deletion of the automatic indexation function, the components of a obligatory contribution and the designation of a minimum pensionable age, the amount required for the seed fund would simplest be P2.03 trillion, it brought.
According to the state-of-the-art actuarial observe carried out with the aid of GSIS, if no reforms are added to the prevailing pension system, the seed fund would quantity to P5.57 trillion with the intention to keep operating as pension fund for government employees.
However, if reforms are carried out, in particular the deletion of the automatic indexation function, the components of a obligatory contribution and the designation of a minimum pensionable age, the amount required for the seed fund would simplest be P2.03 trillion, it brought.
No comments:
Post a Comment