PRESIDENT Benigno Aquino 3rd has vetoed a measure that would have granted two million pensioners of the Social Security System a P2,000 across-the-board increase.

In his veto message contained in a letter dated January 12, 2016 and addressed to Senate President Franklin Drilon and Speaker Feliciano Belmonte Jr., the president said he was returning the enrolled House Bill 5842 “without my signature” citing the measure’s “dire financial consequences” that may compromise the entire benefits system.

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