DBM releases P22.3-B pension differential funds for retired military, uniformed personnel
MANILA, Philippines — The Department of Budget and Management (DBM) has released P22.3 billion to cover the pension differential funds of retired military and uniformed personnel (MUP).
The funds, DBM said, will cover the June to December 2019 pension differential of retirees from the Department of National Defense (DND) the Department of the Interior and Local Government (DILG), the National Mapping and Resource Information Authority (NAMRIA) and the Philippine Coast Guard (PCG).
“The DBM is pleased to announce that it has already released around P22.3 billion to the Department of National Defense, the Department of the Interior and Local Government, the National Mapping and Resource Information Authority, and the Philippine Coast Guard to cover the pension differential of MUP retirees for the period of June to December 2019,” the Budget department said last Friday in a statement.
“Meanwhile, the pension differential for the period of January to May 2019 will be acted upon separately, subject to the availability of funds,” it added.
President Rodrigo Duterte signed in January 2018 Congress Joint Resolution No. 1, which increases the base pay of all MUPs.
The DBM noted there will be no pension differential for fiscal year 2018 because the indexation of the pension of retired MUP with the base pay of those in active service was suspended at the time.
However, the suspension was eventually lifted on January 1, 2019.
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