(SEPO) At a Glance - The AFP Pension System

The Armed Forces of the Philippines Retirement and Separation Benefits System (AFP-RSBS) was established on December 30, 1973 by virtue of Presidential Decree (PD) No. 361, as amended by PD 1656, to provide retirement and separation benefits to the military members of the AFP. However, because it failed on its mandate to become a self-sustaining military pension fund, the AFP-RSBS was eventually dissolved on December 31, 2006 thru Executive Order No. 590. With the growing number of pensioners and their benefits continuously being fully funded out of the annual appropriations for the AFP, fears of a looming pension crisis is now growing. Based on records of the AFP Pension and Gratuity Management Center (AFP-PGMC), the government has yet to pay pension arrears amounting to PhP16 billion for almost 112,000 military personnel.    Download

STSRO TAX Bits: Adopting to the Demands of International Competition

“The adoption of competition systems implies the consolidation of market principles, involving the transition from state ownership, vertically integrated monopolies and strong state intervention to a situation in which the interaction of economic agents can take place more freely”.    Download

The Linkages Report is a digest of the press releases regarding or related to legislation that is aimed to inform the public on various concerns and accomplishments of the Senate. In this issue, we are presenting the accomplishments of the Senate in terms of committee reports filed and bicameral committee meetings conducted during the Fourteenth Congress (July 23, 2007 – June 4, 2010) Download

Enclosed in the walls of the Senate museum is a repository of our country's rich legislative tradition, the Philippine Senate's long and illustrious heritage that serves as the bastion of our nation's freedom.

The museum houses materials that show the mandates of the Senate under the Jones Law, and a host of congressional records, bills, resolutions and republic acts.