📷Department of Budget and Management (DBM) Secretary Amenah “Mina” F. Pangandaman
Department of Budget and Management (DBM) Secretary Amenah “Mina” F. Pangandaman approved the release of P14.046 billion to cover the regular pension requirements of military retirees for the period of July to September 2024.
The release of funds is in relation to the request of the Department of National Defense (DND) – Armed Forces of the Philippines (AFP) General Headquarters (GHQ). Secretary Pangandaman approved the said request on 14 June 2024.
“We are committed to ensuring the timely budget release of benefits to our esteemed military retirees. The approval of these funds demonstrates our dedication to honoring the service and sacrifice of our nation’s defenders, and upholding our responsibility to protect their welfare,” Secretary Pangandaman stated.
“Bahagi rin po ito ng isinusulong na Bagong Pilipinas ni Pangulong Ferdinand R. Marcos Jr. na kung saan walang Pilipino ang maiiwan,” she added.
The released budget is set to benefit a total of 139,172 pensioners including the requirements for the resumption, transfer, and restoration of pension of military retirees and their legal beneficiaries.
The said fund is likewise chargeable against the Pension and Gratuity Fund under the Fiscal Year 2024 General Appropriations Act. (ANTONIO)
