THE GOVERNMENT Service Insurance System (GSIS) will ask the national government for a fee upon managing the planned pension scheme for military personnel.

“We would do actuarial study for you, we would make it sustainable for the military, but of course we would charge a monthly fee,” said GSIS President and General Manager Jesus Clint O. Aranas in a press briefing yesterday.

Mr. Aranas said the pension for retired troops would be separate from its current group of pensioners, composed of former government workers, to sustain its actuarial life.

This comes as the government aims to make pensions for military and uniformed personnel contributory, and managed by the GSIS, instead of being funded by taxpayers.

The new contributory scheme is planned to apply only to new recruits.

Budget Secretary Benjamin E. Diokno earlier said that a capital infusion amounting to P7 to P9 trillion is required to fund the proposed pension scheme. — Elijah Joseph C. Tubayan

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