State-owned Land Bank of the Philippines (Landbank), the depository bank of the Philippine National Police (PNP), will now also manage its pensions and to simplify the process for retiring police personnel.
Landbank said active PNP personnel will continue to use their existing Landbank payroll accounts as their pension accounts upon retirement. This eliminates the need to open a separate account, saving time, reducing paperwork, and ensuring uninterrupted receipt of benefits for about 250 new PNP pensioners each month, the bank said.
Landbank President and CEO Lynette V. Ortiz said they will ensure that PNP financial operations will become more seamless and efficient through the bank’s traditional and digital banking solutions.
The bank handles the salaries and benefits of over 230,800 uniformed and non-uniformed personnel, and around 80,000 pensioners nationwide, Ortiz said.
Meanwhile, Landbank said it is encouraging the PNP to expand the use of its Link.BizPortal for fee collections. As of June 2025, the Link.BizPortal has processed 2.9 million PNP transactions, with more than 2.85 million for police clearances.
As PNP’s partner, the bank provides payroll servicing, fund transfers, bills payment, and investment facilities, as well as other digital and traditional banking services, to help the agency perform its mandate of maintaining peace and order and ensuring public safety, Landbank said.
The amended memorandum of agreement between PNP and Landbank was signed on August 14, 2025.
