00:00 I heard that Finance Secretary Benjamin Diokno is hoping that the version of the Finance Department
00:05 will be able to follow the reformation of the pensions of military and uniformed personnel.
00:09 Last week, the House Bill 8969 was approved by the Camera.
00:14 It removed the provision that active members of their pension fund are mandated to serve.
00:20 Diokno said that he respects the legislative process.
00:24 He said that the process of passing this bill is long because it will be sent to the Senate.
00:30 If they will ask, the DOF would prefer to provide active members of their pension fund with benefits.
00:36 That is to make the pension fund more sustainable.
00:39 Diokno said before that the current MUPA pension system is not a true pension system
00:45 because there are no contributors to be considered.
00:49 [News Reporter speaking]
01:12 [Music]
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