Pension,

military modernization are new Defense chief Teodoro’s

MANILA— As Gilberto Teodoro Jr. returns to the helm of the Department of National Defense, the new chief will be focusing on ironing out the issues on the pension fund of military personnel as it was President Ferdinand “Bongbong” Marcos Jr.’s “marching order.”

“I can review it and see because we want a self-sustaining pension system as [much as] possible but it needs a couple of years to load it up in order for that to be self-sustaining,” Teodoro told the ABSCBN News Channel’s “Headstart” on Wednesday, June 7.

Teodoro cited his experience as an independent director of a “big financial institution” in his comments on the pension for military and uniformed