₱2.85-B released for FY 2018 Pension Differential of Retired MUPs

 

MANILA — A total of 2.85 billion has been released by the Department of Budget and Management (DBM) to several line agencies to cover the one month equivalent of the 2018 pension differential of retired military and uniformed personnel (MUP).

According to budget and management secretary Wendel Avisado, the initial release will benefit retired military personnel of the Armed Forces of the Philippines (AFP) as well as retired uniformed personnel of the Philippine National Police (PNP), Bureau of Fire Protection (BFP), Bureau of Jail Management and Penology (BJMP), Philippine Coast Guard (PCG) and National Mapping and Resource Information Authority (NMRIA).

The estimated one month equivalent of the 2018 Pension Differential released to the agencies is allocated as follows:

DEPARTMENT/AGENCY
AMOUNT (in thousand pesos)
Department of National Defense
Armed Forces of the Philippines 1,516,520
Department of the Interior and Local Government
Philippine National Police 1,207,222
Bureau of Fire Protection 91,669
Bureau of Jail Management and Penology 5,739
Department of Transportation
Philippine Coast Guard 28,004 28,004
Department of Environment and Natural Resources
National Mapping and Resource Information Authority 612
Grand Total 2,849,766

“The total requirement to cover the 2018 pension differential of retired MUPs amounts to ₱34.20 billion. This leaves a balance of ₱31.35 billion which is yet to be released subject to the availability of funds and in compliance with applicable rules and regulations,” Avisado clarifies.

“Rest assured that the Department will immediately evaluate and process all special budget requests after satisfying the requirements for the current regular pension and pension arrears as validated by the Commission on Audit,” he says.

It may be recalled that the Pension and Gratuity Fund (PGF) was significantly reduced to ₱152.9 billion from ₱172.9 billion when the General Appropriations Act was passed, affecting the release of the 2018 pension differential of retired MUPs.

“Hence, to ensure the continuous and up-to-date payment of pension, the DBM will continue to prioritize the release of current/regular pension requirements,” Avisado says.

As a final word, the budget chief said that the DBM is committed to fulfilling its mandate of promoting the efficient and effective management of the national budget to support its budget priorities while also ensuring that the needs of the Filipino people, especially of all military and uniformed personnel, are met. (JSM/JuanManila)

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