Last 20 June 2013, the Armed Forces and Police Mutual Benefit Association, Inc. (AFPMBAI) and Armed Forces of the Philippines Educational Benefit System (AFPEBS) signed the Deed of Donation at the AFPMBAI Board Room.
Also during the same event, the AFPMBAI turned-over to the AFPEBS its check donation. The donation of P3M is AFPMBAI’s annual financial support to the AFPMBAI-AFPEBS Educational Benefit Program which started in SY 2012 and will continue every year thereafter.
RADM WENEFREDO B BANUA AFP represented the AFPEBS Board of Trustees as witness during the signing of the Deed of Donation. In his speech, he expressed sincere gratitude to AFPMBAI, stating “You have not only touched the lives of the dependents of our soldiers, you have become an inspiration to them to continuously dream and achieve”.
Present during the signing and turn-over of check were (as shown in the picture): (L-R) COL LUIS VINCENT TACDERAS PA (GSC), Chief Morale and Welfare, OJ1; COL EDMUNDO F GAMMAD (Ret), COO/EVP-GM, AFPMBAI; Mr. Melchor F Redonda, Finance Department Head; BGEN RICARDO C MORALES AFP (Ret), FICD, President & CEO, AFPMBAI; RADM WENEFREDO B BANUA AFP, Chief AFP Resource Management Office; COL MANUEL V SEQUITIN PA (GSC), Chief/General Manager, AFPEBSO; LTC DANILO E ESTRAÑERO (FA) PA, Assistant Chief/General Manager, AFPEBSO; grantees and parents.
Starting SY 2013-2014, grantees under the AFPMBAI-AFPEBS Educational Program will receive Twelve Thousand Pesos (P12,000.00) as annual stipend which is higher than last year’s benefit of Nine Thousand Pesos (P9,000.00). The generous amount donated by AFPMBAI will support 250 legitimate children of KIA personnel who are currently in the tertiary level of education.