LANDBANK, PNP team up to streamline police pensions

LANDBANK and the Philippine National Police (PNP) have signed a new agreement to simplify pension processing for retiring police personnel, ensuring faster and uninterrupted access to retirement benefits.

Under the amended and restated Memorandum of Agreement (MOA), active PNP members can now seamlessly convert their existing LANDBANK payroll accounts into pension accounts upon retirement, removing the need to open a separate account.

The initiative is expected to benefit around 250 new police pensioners every month, saving them time, reducing paperwork, and preventing disruptions in pension disbursements.

“As the PNP’s depository bank, LANDBANK is honored to be your steadfast partner in making your financial operations more seamless and efficient,” said LANDBANK President and CEO Lynette V. Ortiz. “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.”

The MOA signing was held on August 14, 2025, at the PNP National Headquarters in Quezon City. It was led by PNP Chief General Nicolas Torre III and LANDBANK President Ortiz, with senior PNP officials and LANDBANK executives present as witnesses.

The partnership also supports the national government’s digitalization agenda. LANDBANK is encouraging the PNP to expand its use of the Bank’s Link.BizPortal for online fee collections, which processed 2.9 million transactions as of June 2025. Of these, more than 2.85 million were for police clearance applications.

As the PNP’s longstanding partner, LANDBANK continues to provide payroll servicing, fund transfers, bills payment, investments, and both digital and traditional banking services to support the agency’s operations.

With this new pension processing system, LANDBANK and the PNP aim to provide smoother financial services to police retirees, while ensuring efficient delivery of government benefits to those who have served in law enforcement.