THE Department of Budget and Management has released P21.679 billion to the Philippine National Police to pay for pension requirement and pension differential of 86,876 retired PNP personnel, officials announced yesterday.
PNP chief Director General Oscar D. Albayalde said last June 7, the PNP requested the DBM for an appropriation of P28.053 billion to pay their obligations to police personnel who have already retired.
However, Albayalde said some P21,679,789,069 was released by the DBM.
The amount covers the pension requirements of retired PNP Personnel adjusted to the base pay rates effective January 1 this year as indicated in the Congress Joint Resolution No.1 series of 2018, for the period June to December 2019; and pension differentials for the period June to December 2019.
“The PNP leadership is grateful for this much-deserved pension increase for PNP retirees in recognition of their long years of faithful public service. This manifests the genuine concern of the Duterte administration for the welfare of the men and women of the uniformed services in both active and retired sectors,” Albayalde said.
According to PNP spokesman Colonel Bernard M. Banac, the PNP is now preparing the computerized payroll for the pension payments that will be credited to the individual ATM pension accounts of PNP retirees.
He said pension differentials will be received by individual pensioners on June 29while adjusted pensions will be received effective this July 16.