PRESIDENT Benigno Aquino 3rd on Friday said the government needs at least P4 trillion to kickstart an effective pension system for the country’s uniformed services, saying this is among the biggest problems he inherited from previous administrations.
Speaking at the 113th anniversary celebration of the Philippine National Police (PNP) in Camp Crame, the president noted with expressed anxiety that the P2.6 trillion proposed budget for 2015 for the entire bureaucracy would not even be enough to cover pension for retired and retiring servicemen.
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