The contribution rate hike, which started as 12 percent of the salary in 2019, will now amount to 15 percent of the salary in 2025.
"The problem is not only what if the investment loses? The problem is the gall and shamelessness in proposing to legislate the use and risk of scarce people's money specifically meant for private and public sector workers welfare, farmers land reform and agricultural development, national industry development and emergency social welfare needs."
By SANNY D. AFABLE Ibon Foundation After the launching of a community pantry resulted in crowd chaos and the death of a 67-year-old man, government officials and the media were quick to point fingers: at the well-meaning celebrity philanthropist, who remorsefully...
“This means the Majority did not have the votes to quell the override and decided to even sacrifice the passage of their priority bills like the PPP bill, just to avoid losing the vote on override.”
By BENJIE OLIVEROS Bulatlat Perspective The Aquino government, executives of the Social Security System (SSS), and the standard bearers of the ruling Liberal Party Mar Roxas and Leni Robredo have been desperately trying to justify President Aquino’s veto of the...
“The accumulating funds and properties of the Social Security System all came from working people in the private sector. The govt has no contribution in it.”
If this is finally enacted, those receiving the basic P1,200 ($27) pension per month would receive P3,200 ($71).
MANILA – Public school teachers stormed the Government Service Insurance System (GSIS) head office in Manila on Oct. 19, Friday to protest the granting of P10.448 million ($242,416) in bonuses to its board of directors. The teachers slammed the Governance...
By BENJIE OLIVEROS Bulatlat Perspective What is legal may not necessarily be moral. Morality is about a code of conduct that is considered right and acceptable; it is about ethics; and ethics could be based on religious beliefs or a set of principles that a society...
Aside from the much-criticized fat bonuses at a time when the funds’ sustainability was supposedly in danger, thus requiring a hike in members' contributions, it turned out that the SSS executives have each been receiving $1,859 per month just for attending two board meetings, and its CEO flies abroad every two months, first-class.
The KMU cited the Commission on Audit’s 2012 report which states that “Slow processing and payment of death, disability and retirement claims did not meet the commitment of SSS of providing prompt, convenient and meaningful social protection service to the members and their beneficiaries.”
“This move by the SSS leadership is not motivated by a concern for members of the SSS who are suffering from meager wages and contractual employment.” – KMU
The Social Security System is profitable. President Aquino even offered a “salute” to it for having increased its membership, its collections and its profitability. Why, workers ask, should it increase workers’ contributions?
Since the time of President Fidel V. Ramos, Filipino retirees have never seen their SSS pension increase. Quirico D. Gapasin, 77, complained of this as he joined a picket in front of the SSS main office in Quezon City. He was just passing by East Avenue, he said, when he chanced upon members of Kilusang Mayo Uno (KMU) and Piston protesting the impending hike in SSS premiums, amid the little to no improvement in benefits and services.
By RONALYN V. OLEA Bulatlat.com MANILA – Felisando Repaso, 53, was hoping he could get some financial assistance from the Social Security System (SSS). His house in Cupang village in Antipolo, Rizal was shattered by the strong winds of typhoon “Pedring.” A jeepney...
BY MEDZ MONTEREAL Contributed to Bulatlat August 1, 2008 - 2:56 p.m. Government employees, teachers and workers held a demonstration today at the main office of Social Security Systems (SSS) as former National Economic Development Authority (NEDA) Chair Romulo Neri...
BY BULATLAT Heightening the campaign to stop the use of the Social Security System (SSS) funds for the P330 billion economic stimulus package, groups held a nationally-coordinated petition signing and picket protests in front of the offices of the SSS in major...
BY BULATLAT Legislators want to investigate the use of Social Security System (SSS) funds for the Arroyo administration’s economic stimulus package. Recently, SSS President Romulo Neri committed P12.5 billion to the economic stimulus fund. Assistant Minority Leader...
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