THE Villafuerte brothers in the House of Representatives eyed the adoption of a new and sustainable pension system for the military and other uniformed personnel (MUP).
Camarines Sur lawmakers Luigi and Miguel Luis Villafuerte are looking at a new law establishing a “sustainable, equitable and financially sound” annuity plan in place of the current one whose long-term sustainability is being doubted by the country’s economic managers.
Migz Villafuerte, chairman of the House Committee on Information and Communications technology (ICT), and Luigi Villafuerte, a deputy majority leader, said the ongoing Malacañang review of the non-contributory pension system for MUP should set the stage for an overhaul of the current one that would decisively address concerns over its long-term sustainability in the face of the government’s fiscal constraints.
“There is an urgency for the current Congress to write new legislation on a sustainable, equitable and financially sound annuity system for our MUP pensioners in recognition of their invaluable contribution as our frontliners in national defense, peace and order, public safety and disaster response,” he said.
