Quezon city: State-owned Land Bank of the Philippines (LandBank) and the Philippine National Police (PNP) have entered into an amended and restated memorandum of agreement (MOA) aimed at simplifying pension processing for retiring police personnel.

According to Philippines News Agency, the amended MOA was signed on August 14 at the PNP Headquarters in Quezon City. The agreement allows active PNP personnel to continue using their existing LandBank payroll accounts as their pension accounts upon retirement. This change eliminates the need for opening a separate account, thereby saving time, reducing paperwork, and ensuring uninterrupted receipt of benefits for approximately 250 new PNP pensioners each month.

LandBank President and CEO Lynette Ortiz stated, "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."

LandBank has also encouraged the PNP to expand the use of the bank's Link.BizPortal for fee collections. As of June 2025, the Link.BizPortal has processed 2.9 million PNP transactions, with over 2.85 million related to police clearances.