Military pension fund requirement could hit P7T

Integrating the military’s pension system with the Government Service Insurance System (GSIS) could require raising as much as P7 trillion instead of just P4 trillion as initially estimated.

“We already did a study last year but the computation … [is] a bit iffy as of now. What we only know is initially it would require P4 trillion and then it became P7 trillion,” GSIS Chairman Francisco Duque 3rd told reporters.