The Market Monitor Minding the Nation's Business
State-owned Land Bank of the Philippines (LandBank) and the Philippine National Police (PNP) have amended their memorandum of agreement (MOA) to simplify pension processing for police retirees.
Signed on Aug. 14 at the PNP Headquarters in Quezon City, the updated MOA allows active PNP personnel to retain their existing LandBank payroll accounts as their pension accounts upon retirement. This removes the need to open separate accounts, reducing paperwork and ensuring uninterrupted release of benefits for around 250 new PNP pensioners each month.
“As the PNP’s depository bank, LandBank is honored to be your steadfast partner in making your financial operations more seamless and efficient.
We provide a full range of traditional and digital banking solutions to support your needs, while serving the salaries and benefits of over 230,800 uniformed and non-uniformed personnel, and around 80,000 pensioners nationwide,” said LandBank President and CEO Lynette Ortiz.
LandBank also encouraged the PNP to further utilize its Link.BizPortal for fee collections. As of June 2025, the platform has processed 2.9 million PNP transactions, with more than 2.85 million for police clearance applications.