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Nation

PNP seeks release of P772M pension fund

Dennis Carcamo - The Philippine Star
January 21, 2015 | 11:37am
MANILA, Philippines - The Philippine National Police (PNP) has asked the Department of Budget and Management (DBM) to release the P772 million to pay its obligations to around 40,000 police pensioners.
 
PNP officer-in-charge, Deputy Director General Leonardo Espina, directed Police Director Rolando Purugganan, Director for Comptrollership, to coordinate with the DBM to seek the immediate release of the pension funds. 
 
Purugganan said the amount represents six-month pension differentials due to 40,728 PNP pensioners to pay for the first tranche of the Pension Adjustment for January to June 2010 under the Salary Standardization Law.
 
In a letter dated Dec. 29, 2014, the DBM Undersecretary Luz Cantor informed the PNP that the fund request is still being processed.

DEPARTMENT OF BUDGET AND MANAGEMENT

DEPUTY DIRECTOR GENERAL LEONARDO ESPINA

PENSION ADJUSTMENT

PHILIPPINE NATIONAL POLICE

PNP

POLICE DIRECTOR ROLANDO PURUGGANAN

PURUGGANAN

SALARY STANDARDIZATION LAW

UNDERSECRETARY LUZ CANTOR
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