Philippines

1619 readers

2 users here now

Mabuhay at maligayang pag-alis sa Lemmy! ✈️

An abandoned community for the Philippines and all things Filipino! 🇵🇭

Started out as a Reddit alternative during the blackout from Jun 12-21, 2023 with over 1k members in just a few days. Fizzled faster than the "I Didn't Do It" kid after a month until it became the internet's Centralia in less than a year.

Filipino artists whose works were featured on our daily random thread covers.

founded 2 years ago

MODERATORS

Defense chief Teodoro against mandatory contribution for military pension (www.rappler.com)

submitted 1 year ago by decadentrebel to c/philippines

0 comments fedilink hide all child comments

Currently, the Philippine government spends for 100% of the pensions of retired military and uniformed personnel. Spending on pensions, as of 2022, has already outpaced maintenance, operating expenses, and capital outlays.

Another controversial point is automatic indexation, which means retired personnels’ pension is automatically adjusted to that of their equivalent ranks in active service. This means that if the salaries of those actively in service increases, so do the pensions.

Finance Secretary Ben Diokno earlier warned of a “fiscal collapse” should the system remain unchanged.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here