IMPLICATIONS OF THE PROPOSED REVISION ON PENSION SYSTEM FOR THE PHILIPPINE NATIONAL POLICE; INPUTS TO THE ORGANIZATION FOR POLICY FORMULATION
Type
Thesis
Authors
Category
PSOSEC
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Publication Year
2024
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Abstract
This qualitative research explores the intricate landscape of the consolidated proposed pension system for Military and Uniformed Personnel (MUPs) within the Philippine National Police (PNP). The study delves into the perceived impact of the proposed system, scrutinizing variables such as compulsory retirement age, voluntary retirement, contribution structure, management of funds, and benefits/pension calculations. Through in-depth interviews with Police Commissioned Officers (PLTCOLs) and Police Non-Commissioned Officers (PEMS), the study unveils nuanced insights into their concerns and expectations regarding these pension reforms.
The findings illuminate the critical themes of extended career commitment, divergent perceptions on benefits, and apprehensions about financial implications. Participants express uncertainties regarding the implications of the new system on their retirement planning, potential adjustments in contributions, and the calculation of benefits. The study also identifies key issues in the implementation process, such as training and communication challenges, resistance, and acceptance among personnel, along with logistical/administrative hurdles.
Specifically, the findings reveal that PLTCOLs, are concerned about the intricate nature of the new pension system, especially regarding changes in contribution structures and benefit calculations. They stress the need for targeted training sessions to address specific concerns. On the other hand, PEMS express uncertainties about retirement age changes and their impact on benefits, emphasizing the need for detailed explanations for informed decision-making.
Moreover, the study identifies concerns about increased contributions among PLTCOLs. Indicating potential strains on their monthly budget. PEMS express worries about the returns on their investment, emphasizing the need for reassurance about the adequacy of retirement benefits for a secure retirement. Concerns are also raised about the potential delays in benefit payouts and the overall impact on the post-retirement plans.
In response to these findings, the research recommends the implementation of comprehensive training programs tailored to the unique needs and concerns of MUPs. These programs should address the intricate details of the new system, providing clarity on changes in retirement age, contribution structures, and benefit calculations. Such extensive training is envisioned to empower personnel, ensuring a clear understanding and fostering acceptance and cooperation.
The findings illuminate the critical themes of extended career commitment, divergent perceptions on benefits, and apprehensions about financial implications. Participants express uncertainties regarding the implications of the new system on their retirement planning, potential adjustments in contributions, and the calculation of benefits. The study also identifies key issues in the implementation process, such as training and communication challenges, resistance, and acceptance among personnel, along with logistical/administrative hurdles.
Specifically, the findings reveal that PLTCOLs, are concerned about the intricate nature of the new pension system, especially regarding changes in contribution structures and benefit calculations. They stress the need for targeted training sessions to address specific concerns. On the other hand, PEMS express uncertainties about retirement age changes and their impact on benefits, emphasizing the need for detailed explanations for informed decision-making.
Moreover, the study identifies concerns about increased contributions among PLTCOLs. Indicating potential strains on their monthly budget. PEMS express worries about the returns on their investment, emphasizing the need for reassurance about the adequacy of retirement benefits for a secure retirement. Concerns are also raised about the potential delays in benefit payouts and the overall impact on the post-retirement plans.
In response to these findings, the research recommends the implementation of comprehensive training programs tailored to the unique needs and concerns of MUPs. These programs should address the intricate details of the new system, providing clarity on changes in retirement age, contribution structures, and benefit calculations. Such extensive training is envisioned to empower personnel, ensuring a clear understanding and fostering acceptance and cooperation.
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