BBM's Platform of Government

[Monseratto]

Would you trust your retirement pension to the underachieving son of a former corrupt deposed dictator?

Most probably will end up buying bonds from companies owned by new generation of cronies...

This issue is not the fund, but 'TRUST' issue if this fund would really put to National Dev't Projects [not on corruption]. Congress should make the frameworks that it would be transparent as possible.

[TopEngine]

Would you trust your retirement pension to the underachieving son of a former corrupt deposed dictator?

Most probably will end up buying bonds from companies owned by new generation of cronies...

not the Pension Fund, but Investible Fund...

[baludoy]

aside from the malaysian 1mdb scam made by their former (convicted) pm, here's another food for thought this time from norway

Norway'''s wealth fund loses record $174 bln in first half of 222 | Reuters

even if the intention is "good", the timing naman is lousy. buti nga umaalma na ngayon ang bsp dahil wala na si diokno sa poder nila. sadyang napaka-tumultuous ng local at int'l economic landscape sa ngayon at sa foreseeable future.

[uls]

not the Pension Fund, but Investible Fund...

anong "not pension fund"

manggagaling nga ang pera sa SSS/GSIS

ano ba ang SSS and GSIS?

[uls]

ung pondo na pambayad sa pension/benefits ng mamamayan gusto nila kunin at isugal sa global financial markets

they're gonna buy meme stocks

[Monseratto]

Eastern Police District Director PBGen. Wilson Asueta kinumpirmang nag suicide sa pamamagitan ng pagbabaril sa sarili si Dating Batangas Vice Gov. Ricky Recto sa kanyang bahay sa Valle Verde, Pasig

Ex-Batangas vice governor Ricky Recto dies, 59

[dreamur]

not the Pension Fund, but Investible Fund...

Huh? I want what you are smokin' mate...

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[TopEngine]

the Pros & Cons

[dreamur]

Lol! The GSIS fathead is just reading from a script. You dont use pension funds for investments that do not benefit its members. Period.

Infra projects are best supported by PPAs.

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[TopEngine]

Huh? I want what you are smokin' mate...

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anong "not pension fund"

manggagaling nga ang pera sa SSS/GSIS

ano ba ang SSS and GSIS?

from a Bank perspective, if all depositors want to withdraw their money in a single day, the Bank won't have the enough reserve amount of money because a huge portion of it was invested to grow, and these investment are not liquid [can't be withdraw, sold, etc. in a day nor even a week].

Same goes with SSS & GSIS, Pensions were computed and assumed that not all Retirees will retire [Pension Fund] within a day nor even year. So again, a huge portion of it was invested [Investible Fund].

Like others were stating on SocMeds and News, I believe it is a Trust Issue.

[TopEngine]

The Economic team can't Unite

[uls]

from a Bank perspective, if all depositors want to withdraw their money in a single day, the Bank won't have the enough reserve amount of money because a huge portion of it was invested to grow, and these investment are not liquid [can't be withdraw, sold, etc. in a day nor even a week].

Same goes with SSS & GSIS, Pensions were computed and assumed that not all Retirees will retire [Pension Fund] within a day nor even year. So again, a huge portion of it was invested [Investible Fund].

Like others were stating on SocMeds and News, I believe it is a Trust Issue.

naka invest nga ung pera ng pension fund

and when the money is needed the pension fund will sell investments para maging pera

para may pambayad sa claims/benefits ng members

so pera parin ng members yan

tapos kukunin ng maharlika ang pera at sila nalang daw mag iinvest?

[uls]

pano pag natalo sa sugal si maharlika?

nawala ung pera ng GSIS/SSS

pano na pag kailangan na ung pondo para sa claims/benefits ng mga member

di naman mahirap maintindihan diba?

[uls]

just coz you don't need the money now doesn't mean you won't need it in the future

pano pag nag arrive na ung future tapos wala na ung pera

[dreamur]

Trust issue? It's the reputation that is in question.

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[TopEngine]

pano pag natalo sa sugal ung maharlika?

nawala ung pera ng GSIS/SSS

pano na pag kailangan na ung pondo para sa claims/benefits ng mga member

di naman mahirap maintindihan diba?

so this is not a Trust issue... Investment is with risk. Yeah, from retail investors friends that I know have losses from these 2-yrs pandemic.

according to Salceda and other framework authors, the fund would be managed by Technocrats, the GSIS head even stated, should be managed by 'Talented', I think he's pertaining to Fund Managers from aboard. Diokno stated about 3% return on Investing abroad, could gain 20% if locally, this is a trust issue if you believe him or not.

[TopEngine]

Contrast...

[uls]

if you run a pension fund you can't invest in anything that comes your way

may rules yan kung saan ka pwede mag invest

gov't bonds, investment grade corporate bonds, blue chip stocks...

you can't hand over money to a hustler who promises you he can double the money

[Ry_Tower]

anong "not pension fund"

manggagaling nga ang pera sa SSS/GSIS

ano ba ang SSS and GSIS?

Nahilo sa script na binigay....

Also... may recent ruling ang Supreme Court sa isang case na nagsasabi na nasa batas na gumawa ng SSS at GSIS na kung ano lang mandate nila sa contributions ng members, yun lang dapat gawin nila.

Yes, investment is one of their mandates pero sila lang mag-iinvest at hindi pwede ibang agency or entity. Hindi din sila pwede magpautang. Kaya unconstitutional at illegal talaga na kuning from GSIS and SSS ang funds. Surplus lang dapat which is wala ng tayo ngayon. Baon sa utang eh.

Dagdag bureaucracy pa ito kasi HSIS and SSS are already investing the pension funds naman.

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[papi smith]

Lol! The GSIS fathead is just reading from a script. You dont use pension funds for investments that do not benefit its members. Period.

Infra projects are best supported by PPAs.

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Swerte nya naka graceful exit sya sa PNB, while all the other banks have recovered, ung PNB lugmok pa rin.