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00:00.0
16%. And then for the next 3 years, it will be increased to 7% from 5 to 7. And NG share
00:10.2
naman will decline to 14. I'll say it's 21. I think that's the contribution of government
00:17.8
workers. And then years thereafter, the MUP share will be increased to 9. And then NG share
00:26.6
will decline to 12. So gradual yun. Secretary, alam naman po natin na maraming daring mga
00:32.1
ganyang recommendations before. Pero ito po bang magandang reform sa kailangan pang
00:38.0
dumaan sa Kongreso? Kailangan dumaan sa Kongreso. So in-approve ni Presidente ito, and we will
00:46.4
push this to Congress. And we are already talking to some people in Congress who will
00:51.4
push this. Yan po kasi nagiging problema before kaya hindi po natutuloy yung... Minsan
00:57.2
nga hindi na nakakarating sa Kongreso. Na-install pa lang sa administration pa lang. But the
01:02.3
President is recognizing the need for this. Talagang ipo-push niya. Hindi po kaya maging
01:15.0
reason para yung mga military personnel natin, yung mga sundalo ay mag-demoralize or humalma,
01:24.5
mag-aklas. Hindi naman. Kasi as you know, recently, 2018, dinobli yung swelda nila.
01:32.6
And kaya gradual yung contribution nila from 5 to 7 to 9. I think naintindihan din nila that they
01:42.3
have to, again, mag-cooperate with the rest of society. Otherwise, mag-blow up talaga,
01:48.0
mag-babaloon talaga yung deficit natin. Okay. Heidi Sampang, FEBC.
01:56.8
Good morning, sir. Dun lang po sa merger ng Land Bank-FEBP, meron po bang wawawalan ng
02:02.6
trabaho? At may estimate po ba tayo kung ilan ito at kung meron pong package na i-offer po sa
02:09.2
kanila? Thank you, sir. Definitely may mawawalan. Okay. Kasi there's a redundancy, no?
02:17.9
And then mag-reduce yung number of branches. But there's usually a package naman na pipigay.
02:23.9
Voluntary. And then they can choose to retire. Since they are government official, they can
02:30.4
retire under GSIS or we will offer an unattractive package for those who will be separated. Okay.
02:37.7
May estimate tayo, sir? Wala pa tayong estimate at the moment. Okay. Sir, mga kailan po kaya yung
02:43.0
parang full effectivity ng merger? It's too early to say, but I would think before the end of the
02:50.4
year. Okay. Thank you, sir. Maryse Umali-Tima, GMA 7. Sir, just a follow-up on the merger.
02:59.9
Correct me if I'm wrong, but this has already, this proposal has been approved in the previous
03:04.9
administrations, but for those administrations, it has not been implemented. And there are
03:13.0
anxieties raised over this merger. So what made you finally make the president approve this? And
03:23.6
what are the reasons exactly to be able to, or what are your responses to the anxieties that are
03:30.8
being raised over this merger? As you know, this merger has been approved during the time of
03:37.6
Pinoy. Okay. President Aquino. No, no. President Aquino through the government of GCG, through
03:45.0
GCG. It was not implemented. It was taken up during the 30th term. It was also not implemented.
03:53.9
So, but given what's happening now globally, you have banks which are now being closed,
04:04.0
right? For example, Credit Suisse, who would have thought that Credit Suisse will go under?
04:09.3
So there's really a strong need for solidifying the government bank. We're not saying that
04:19.2
AD or DBP or land bank are, have problems. Okay. Sinasabing anong argument ng DBP,
04:29.1
why fix if the problem, there's no problem. Hindi naman broken. We're not saying that the
04:34.4
current system is broken, but as policymakers, we have to constantly seek better ways of doing
04:41.1
things, especially if we want to improve the performance of a particular government agency.
04:48.5
So, yan lang naman. And this is also consistent with our rightsizing. That's the focus also of
04:56.9
the president, rightsizing the bureaucracy. Because if we are able to do that successfully,
05:03.2
then we'll have more money for really essential projects like healthcare, education for our
05:10.0
people and infrastructure. So, yan. Sir, one last regarding naman the issue on the pension.
05:17.0
Because you mentioned that it still has to go through the Congress and in the past, talagang
05:24.6
hindi rin umabot halos sa Kongreso. So, meron po ba tayong ibang plano kung sakaling hindi na
05:31.4
naman ito ma-approve? Because you mentioned a while ago na talagang malaking ikakalugi na
05:36.4
kung hindi ito maipatupad pa. I think President Marcos Jr. is in a best position to push through
05:44.0
with this reform. As I mentioned, his predecessors simply kicked the can forward
05:53.8
without success. Why did I say that? Remember that he's, I think, the first president who was
06:00.4
elected by a significant majority, 60%. Yung ibang presidente, they were only elected by 25%
06:10.1
because of the number of candidates. So, he really has this very strong support and he's
06:15.9
willing to spend his political capital for this because nakikita niyo na pag hindi na ginawa ito,
06:24.0
there will be a fiscal collapse in the future. Secondly, Mr. Marcos also has a very strong
06:30.9
control of both houses of Congress. So, it's going to be less problematic for him to push forward
06:39.6
such a major reform. Harley Valbuena, DZME. Hi, good morning. Sir, the Congress already
06:48.1
ratified the bill amending the fixed term of military officers. So, if this bill becomes a law,
06:55.1
do you believe, sir, that this will become a hindrance or a factor for the implementation
06:59.7
of the military pension reform if this pushes through, sir? Absolutely not. That's separate.
07:06.1
That's a separate issue. Okay, thank you. Okay, Alvin Baltazar, PBS.
07:11.0
Secretary, magandang umaga po. Secretary, doon sa mga mawawalan ng trabaho, doon sa merging,
07:18.4
paano ba yung magiging proseso doon sa notification para doon sa mga hindi papalarin?
07:23.9
At will you go over the records kung sino yung mga malapit nang mag-retire para at least
07:30.8
medyo magang sa loob nila yung ano? As in any merger, et cetera, there are some
07:38.4
who will be affected, right? For example, in any reorganization, there are people who will be
07:44.6
affected. And that's why we provide a very liberal separation package, okay? So, they can use that,
07:53.6
they can invest it, right, in new business if they want to, or they can live on it.
08:02.2
But we are doing this for the greater good. Kasi ayaw mo naman na to employ people who are not
08:10.9
doing anything, right? And there are benefits for, for example, if there are branches that you need
08:16.7
to collapse, why not collapse them, right? So, there are efficiency gains to be made. And so,
08:23.2
this is, will benefit the whole, the whole country.
08:27.0
Secretary, follow-up lang po. Sabi niyo po, implement yun before the end of the year.
08:32.2
So, kailan po tayo magsisimulang magbigay ng notification?
08:36.0
I'd say that the merger will be, take effect before the end of the year. So, may mera naman
08:41.6
transition period dyan. So, I don't know when, kung kailan sila magbigay ng notification. Siguro,
08:49.7
um, siguro mga x number of days after the merger is formalized, no, then you will be notified.
09:00.3
Okay. I believe that's the last question. Do you still have time for more?
09:04.9
Okay, one more. Chona Yu, Inquirer Radio.
09:08.0
Sir, in 2016, the President opposed the merger of DBP and Land Bank.
09:15.1
Who's that? Who's the President at that time?
09:18.2
President Marcos, he said na, he opposed siya dito kasi it will deprive farmers
09:23.2
sa access sa Agricultural Bank. Why the sudden change?
09:28.5
I don't, personally, I don't. Is that on...
09:32.4
Sa Senate po, nasa...
09:36.5
When he's running for Vice President.
09:38.3
Uh, pero nag-change talaga yung ano niya kasi given, sabi ko nga, yung international
09:44.8
developments, diba? Big banks are folding, etc. Plus, uh, no, no. He hasn't changed his
09:51.8
mind since he was elected President. I know that he was, his was for this proposal. Okay?
09:58.0
Isan na lang, sir. Sa water crisis, sir. Ano ko ba ang ginagawa, anong magkano ang budget
10:06.7
allotted for El Nino preparations ng government?
10:10.0
Siguro si Secretary Pagtanganong ng kausapin natin, no?
10:13.7
Okay. Thank you so much, uh, Secretary Giocno, for briefing us on the proposed merger of
10:19.7
Land Bank of the Philippines and Development Bank of the Philippines, as well as the proposed
10:24.0
Military and Uniformed Personnel Pension Reform Program. Thank you very much.
10:28.5
Have a good afternoon, everyone.
11:13.7
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11:26.2
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