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BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected yield in trust fund interest alone.


An eight to nine percent interest is unlikely, Reynaldo G. David, Development Bank of the Philippines (DBP) president and chief executive officer, told The STAR in an interview.


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BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected yield in trust fund interest alone.


An eight to nine percent interest is unlikely, Reynaldo G. David, Development Bank of the Philippines (DBP) president and chief executive officer, told The STAR in an interview.


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RETIRED SAVINGS AND BENEFIT SYSTEM

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BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected yield in trust fund interest alone.


An eight to nine percent interest is unlikely, Reynaldo G. David, Development Bank of the Philippines (DBP) president and chief executive officer, told The STAR in an interview.


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                    [Title] => AFP must seek other ways to fund pensions
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BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected yield in trust fund interest alone.


An eight to nine percent interest is unlikely, Reynaldo G. David, Development Bank of the Philippines (DBP) president and chief executive officer, told The STAR in an interview.


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abtest

AFP must seek other ways to fund pensions

By Ma. Elisa Osorio  | October 29, 2006 - 12:00am

BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected...

Business

AFP must seek other ways to fund pensions

By Ma. Elisa Osorio  | October 29, 2006 - 12:00am

BORACAY, Aklan - The Armed Forces of the Philippines (AFP) may have to look for other ways to fund the pension of military retirees as the tapped bank trustee said it is impossible to get the AFP’s expected...

Business