P30-B military pension fund okayed

The Department of Budget and Management (DBM) approved on Tuesday the release of a P30.409-billion pension fund for military and uniformed personnel (MUP) for the first quarter of 2025.

According to the DBM, this will cover the regular pension requirements of retired military and uniformed personnel.

DBM Secretary Amenah Pangandaman said the pensions are a “lifeline” for many retired MUPs and their families.

“We, especially our President [Ferdinand Marcos Jr.], understand how important it is for our pensioners to receive their benefits. Immediately, after completing the necessary documents, we signed the release of the budget to the agencies concerned,” Pangandaman said.

The DBM will charge the P30.4-billion fund against the Pension and Gratuity Fund under the General Appropriations Act.

Under this allocation, P16.752 billion went to the Armed Forces of the Philippines General Headquarters-Proper and the Philippine Veterans Affairs Office under the Department of National Defense.

Meanwhile, P13.297 billion went to the attached agencies of the Department of the Interior and Local Government such as the Philippine National Police, Bureau of Fire Protection, Bureau of Jail Management and Penology and the National Police Commission.

Also, P8.530 million was allotted by the DBM to pensioners under the National Mapping and Resource Information Authority of the Department of Environment and Natural Resources.

Funds for the pensions of 2,836 retired uniformed personnel, totaling P350.680 million, were transferred to the Philippine Coast Guard.

The DBM said the fund releases were based on the actual pension payrolls submitted by the MUP agencies as of 31 December 2024.