Bill Type
Congress Name
Full Title of Bill
AN ACT CREATING A SUSTAINABLE FISCAL FRAMEWORK FOR THE PENSION SYSTEM OF THE MILITARY AND UNIFORMED PERSONNEL, PROVIDING MECHANISMS FOR THE DISPOSITION OF GOVERNMENT ASSETS FOR THE PURPOSE, AND APPROPRIATING FUNDS THEREFOR
Text as filed (link)
Date filed
June 30, 2022
Date Read
July 26, 2022
Bill Status
Substituted by HB08969
Mother Bill Status
Approved by the House on 2023-09-25, transmitted to the Senate on 2023-09-27 and received by the Senate on 2023-09-27
Committee Details
Primary Committee
Legislative History
| House Bill/Resolution NO. HB00007 | |
| FULL TITLE : AN ACT CREATING A SUSTAINABLE FISCAL FRAMEWORK FOR THE PENSION SYSTEM OF THE MILITARY AND UNIFORMED PERSONNEL, PROVIDING MECHANISMS FOR THE DISPOSITION OF GOVERNMENT ASSETS FOR THE PURPOSE, AND APPROPRIATING FUNDS THEREFOR | |
| ABSTRACT : Declares that the State shall ensure that there shall be an adequate, robust, and well-managed insurance system that shall adequately and sustainably support the needs of the military and uniformed personnel and their dependents; Proposes reforms to address several long-standing issues in the design of the MUP system related to the following: disability pension, mandatory contributions, fund administrator of MUP pension, pension indexation, other sources of funding, and tax treatment of the MUP Trust Fund. | |
| PRINCIPAL AUTHOR/S : ROMUALDEZ, FERDINAND MARTIN G., ROMUALDEZ, YEDDA MARIE K., ACIDRE, JUDE A. | |
| DATE FILED : 2022-06-30 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Palma (000 2022-08-08) | 2. Romualdo (000 2022-09-06) |
| 3. Yap (C.) (000 2022-09-15) | 4. Tan (K.M.) (000 2022-09-21) |
| 5. Ongchuan (000 2022-09-28) | 6. Tan-Tambut (000 2022-09-28) |
| 7. Zamora (M.C.) (000 2022-09-28) | 8. Rivera (000 2022-09-28) |
| 9. Adiong (000 2022-09-28) | 10. Cari (000 2022-09-28) |
| 11. Tanjuatco (000 2022-09-28) | 12. Dayanghirang (000 2022-09-28) |
| 13. Ortega (000 2022-09-28) | 14. Revilla (R.J.) (000 2022-09-28) |
| 15. Mastura (000 2022-09-28) | 16. Lazatin (000 2022-09-28) |
| 17. Gomez (000 2022-10-04) | 18. Albano (A.) (000 2022-11-09) |
| 19. Cagas (000 2022-11-09) | 20. Olivarez (000 2022-11-09) |
| 21. Tan (S.) (000 2022-11-09) | 22. Yu (D.G.) (000 2022-11-09) |
| 23. Dy (F.) (000 2022-11-28) | 24. Suarez (D.) (000 2022-11-28) |
| 25. Yu (J.V.) (000 2022-11-28) | 26. Matibag (000 2022-12-12) |
| 27. Bernos (000 2023-01-11) | 28. Robes (000 2023-01-24) |
| 29. Del Mar (000 2023-02-09) | 30. Buhain (000 2023-02-13) |
| 31. Lacson-Noel (000 2023-03-22) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON NATIONAL DEFENSE AND SECURITY ON 2022-07-26 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON PUBLIC ORDER AND SAFETY |
Abstract
ABSTRACT : Declares that the State shall ensure that there shall be an adequate, robust, and well-managed insurance system that shall adequately and sustainably support the needs of the military and uniformed personnel and their dependents; Proposes reforms to address several long-standing issues in the design of the MUP system related to the following: disability pension, mandatory contributions, fund administrator of MUP pension, pension indexation, other sources of funding, and tax treatment of the MUP Trust Fund.
Significance