Posts misinterpret proposed reforms to Philippine military pension

  • 📰 AFPFactCheck
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

🇵🇭 Has the Philippines lowered its state pension age to 40? ❌ Social media posts misrepresented a video of the archipelago’s finance chief calling to reform the military’s pension system, which has no minimum age

"Good news! Those aged 40 years old and above can now receive their pension. Wow," reads Tagalog-language text overlaid on a 10-minute video shared on FacebookThe first minute of the video has the word"Preview" in its bottom-left corner and shows Philippine Finance Secretary Benjamin Diokno speaking to journalists at a press briefing.

He begins by saying:"Now the current pension system is like this, it's fully-funded by the national government." Diokno also says:"Pension can be received after 20 years of service with no minimum pensionable age, so some of them get recruited at the age of 20 so they can already retire at the age 40."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 540. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines