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priorities
personnel. In 2014, he was elected to the board of directors of BDO Unibank.
Proposed reforms are being taken up by Congress. Then President Rodrigo Duterte hiked military and police salaries in 2018 and pensions for retired uniformed personnel are pegged to current salaries. Finance Secretary Benjamin Diokno, who was also part of Duterte’s economic team, has warned that the current pension system is “not sustainable” and may lead the country to a “fiscal collapse.”
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While the department supports ways to resolve the issue, Defense Senior Undersecretary Carlito Galvez Jr. has asked lawmakers that “the morale and welfare of our soldiers be given due weight u PAGE 2