MANILA, Philippines — Deputy Speaker Isidro Ungab has dismissed as “baseless” allegations that deficient pension and gratuity funds for uniformed personnel was due to slashes in the 2020 national budget.
Ungab, who previously served as chair of the committee on appropriations in the House of Representatives, was responding to the remarks made by current appropriations panel head Eric Yap that the P74 billion cuts in the 2020 budget were the reason for the inadequate pension fund.
“The accusation therefore of Congressman Eric Yap that the supposed fund deficiency in the pension and gratuity fund budget was brought on by the P74 billion 2020 budget cut is actually baseless, aga…
Keep on reading: Scarce pension fund due to 2020 budget cuts? That’s baseless – Ungab