Abolition of AFP-RSBS and Asset Privatization

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MEMORANDUM ORDER NO. 90: Abolition of AFP-RSBS and Asset Privatization

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Title Supreme Court: Abolition of AFP-RSBS and Asset Privatization

Law: Memorandum Order No. 90

Decision Date: Apr 8, 2016

A Philippine law directs the abolition of the Armed Forces of the Philippines-Retirement and Separation Benefits System (AFP-RSBS) and the privatization of its subsidiaries, due to the ineffectiveness and flaws found in the AFP-RSBS, as well as the need to improve national productivity and reduce inefficient spending of public funds.

privatization

subsidiaries

national productivity

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