An Act Creating a Sustainable Framework for the Pension System of the Armed Forces of the Philippines, Appropriating Funds Therefor, and for Other Purposes
The bill creates an AFP Trust Fund financed by mandatory contributions from new AFP members (9% employee, 12% government) and other assets, sets retirement ages and benefits, and establishes a committee and GSIS to manage the fund, with tax‑exempt status and a government guarantee.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-748 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.