Bill Type
Congress Name
Full Title of Bill
AN ACT ESTABLISHING A SUSTAINABLE RETIREMENT AND PENSION SYSTEM BY AMENDING PERTINENT LAWS ON THE RETIREMENT BENEFITS AND PENSION OF THE UNIFORMED PERSONNEL OF THE UNIFORMED SERVICES AND PROVIDING FUNDS THEREFOR
Text as filed (link)
Date filed
August 24, 2022
Date Read
August 30, 2022
Bill Status
Substituted by HB08969
Mother Bill Status
Approved by the House on 2023-09-25, transmitted to the Senate on 2023-09-27 and received by the Senate on 2023-09-27
Committee Details
Primary Committee
Legislative History
| House Bill/Resolution NO. HB04084 |
| FULL TITLE : AN ACT ESTABLISHING A SUSTAINABLE RETIREMENT AND PENSION SYSTEM BY AMENDING PERTINENT LAWS ON THE RETIREMENT BENEFITS AND PENSION OF THE UNIFORMED PERSONNEL OF THE UNIFORMED SERVICES AND PROVIDING FUNDS THEREFOR |
| ABSTRACT : Seeks to reform the benefit and pension system in the uniformed service; Proposes to create a Uniformed Personnel Retirement Fund that shall be financed primarily through mandatory contributions from active members of uniformed service. Provides a rationalized adjustment of retirement benefits and pension; and an automatic review of pension and benefits two years after retirement and every two years thereafter. |
| PRINCIPAL AUTHOR/S : TAMBUNTING, GUS S. |
| DATE FILED : 2022-08-24 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON NATIONAL DEFENSE AND SECURITY ON 2022-08-30 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON PUBLIC ORDER AND SAFETY |
Abstract
ABSTRACT : Seeks to reform the benefit and pension system in the uniformed service; Proposes to create a Uniformed Personnel Retirement Fund that shall be financed primarily through mandatory contributions from active members of uniformed service. Provides a rationalized adjustment of retirement benefits and pension; and an automatic review of pension and benefits two years after retirement and every two years thereafter.
Significance