BusinessWorld E-paper
March 29, 2023
THE FINANCE DEPARTMENT on Tuesday warned of a possible “fiscal collapse” should the government fail to reform the pension system for retired military and uniformed personnel (MUP).
At a Palace news briefing, Finance Secretary Benjamin E. Diokno said President Ferdinand R. Marcos, Jr. will push for the passage of the bill seeking to reform the MUP pension program, saying the current setup is *unsustainable and could lead to “fiscal collapse.”
