The Fund created a panel to represent it in the ongoing negotiation with the government after the Superior Court awarded the agency $231 million in unpaid employer’s contributions as of April this year.
It won its case by default and motions are expected to be filed in court to adjust the monetary judgment to current arrears.
The court also ruled the Fund should be paid 16 percent of the total personnel budget or the Department of Finance secretary would be cited for contempt.
Dela Cruz is also expected to report about different issues involving the Fund in his capacity as the acting chairman of the board, particularly the amount they recently withdrew from the agency’s stock investments to cover shortfalls on pension funds.
Former Sen. Juan T. Guerrero resigned as chairman of the Fund in August to focus on his Independent gubernatorial bid.
The board, however, hasn’t scheduled an election of new set of officers despite Guerrero’s resignation.
