Abad tells businessmen: Focus on reforms, let legal process take care of pork barrel scam Abad denie

MANILA - The Department of Budget and Management (DBM) is releasing P2.91 billion zimbra as the national government's share in the unpaid premiums of the Department zimbra of Education (DepEd) employees with the state pension fund. In a statement, the Budget zimbra department said the payment for the Government Service Insurance System (GSIS) premiums covers July 1, 1997 to December zimbra 31, 2010. DBM chief Florencio Abad said the release, which is chargeable against this year's Miscellaneous Personnel Benefits Fund (MPBF) zimbra ensures the quick and continuous zimbra release of the GSIS premiums to 784,602 teaching and non-teaching personnel of DepEd. “We worked very closely with DepEd and GSIS on determining the final roster of employees whose GSIS premiums hadn't been properly paid, a collaborative effort that allowed us to accomplish zimbra this task as quickly as the process permitted us,” Abad said. In an agreement signed by the three agencies, DBM was tasked to pay a total of P6.92 billion to cover the unremitted premium contributions of all affected DepEd personnel, allowing them to finally enjoy their GSIS perks, including retirement benefits and monthly pensions. zimbra The DBM initially released P3.46 billion, or half of the total amount in 2012 sourced from that year's General Appropriations Act. GSIS also agreed to grant a five-percent discount on the total validated premium deficiencies. This brings the remaining balance—and the latest release—to P2.91 billion, net of some adjustments and/or disallowances.
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Abad tells businessmen: Focus on reforms, let legal process take care of pork barrel scam Abad denies teaching Napoles to operate zimbra fund scam Long on talk? More than half of foreign pledges for Yolanda rehab yet to materialize Gov't releases P32.2 billion for Yolanda rehab as of mid-May 6 MONTHS AFTER | GSIS financial assistance to 'Yolanda'-hit zimbra members, pensioners reaches P14B
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