Manila, Jan. 14 -- The government is continuing its review of proposed reforms to the Modified Uniform Pension (MUP) program amid growing concerns over fiscal sustainability, the Department of Budget and Management (DBM) said Wednesday.
Acting DBM Secretary Rolando Toledo said a technical working group, created under Executive Order 187 issued in December 2025, has been tasked to study pension requirements and assess the impact of pension indexation, which automatically adjusts retirees' benefits in line with salary increases of active personnel.
Speaking to Palace reporters, Toledo said any reform under consideration would be carefully evaluated to ensure the long-term sustainability of the pension system while balancing fiscal constra...
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