LATEST PUBLICATIONS
SEARCA MGB 2021 2
Seed Guidebook: Scaling and Expanding for Effective Development the Experiences and Learning from the SEARCA Project ISARD
SEARCA RPCL 2021 6
Microbes for Sustainable Agriculture: Isolation and Identification of Beneficial Soil- and Plant-Associated Microorganisms
SEARCA MONO 2021 2
Application of Remote Sensing and SWAT Model to Assess Climate and Land Use Changes Impacts on Hydrological Responses and Sediment Yield
SEARCA MONO 2021 1
The Learning Organization: Group Dynamics, Institutional Linkages Toward Technology Adoption, Value-Adding Innovation, and Sustainability

LATEST AV MATERIALS
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
PIDS WB 2021-0901
19th Development Policy Research Month Kick-Off Forum
PIDS WB 2021-0702
Local Governments' PDP and SDG Localization Efforts as Contribution to National Development
Publication Detail
PB2021-01: Promoting Sustainability through Reform in the Pension System for Military and Uniformed Personnel

The current Military and Uniformed Personnel Separation, Retirement, and Pension System has long exerted considerable strain on the National Government’s (NG) finances and has been the subject of reform proposals. The issue can be summed up in two points. The first is the direct-funding mechanism where the NG appropriates significant amounts in the annual budget due to the absence of a contributions-based scheme. The second point refers to generous features, particularly the indexation policy that automatically adjusts pensioners’ benefits to the base pay of their counterparts in active service, resulting in both fiscal and equity issues among government personnel. Recent government estimates revealed that without reform, the NG will need about P800 billion annually in the next 20 years. To address the situation, several house bills proposing for the establishment of a contributions-based system and the abolition of the indexation policy, among others, have been filed. This paper discusses (a) key features of related measures and (b) presents equity and budgetary implications of proposed reforms. Under the proposed Executive-supported bill, the NG can see a significant drop in projected budgetary requirements due to the creation of a contributions-based system and declining directly-appropriated amounts for pension benefits of existing retirees.

Congressional Policy and Budget Research Department
Authors Keywords
Estrada, Miguel Antonio, G.; Gonzales, Arsenia, S, ; Fiscal Sustainability; military and uniformed personnel; pension reform; pension equity; retirement;
Download PDF Number of Downloads
Published in 2021 and available for Downloaded 0 times since July 27, 2021
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.