House set to approve SSS pension hike

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The House of Representatives is likely to approve the P2,000 across-the-board Social Security System (SSS) pension hike before Congress takes its Christmas break.

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House Majority Floor Leader Rudy Fariñas said that administration lawmakers from the super majority bloc are in favor of the measure which was vetoed by former President Benigno Aquino 3rd.

“There will be a P1,000 increase [for SSS pensioners]and then three years after in 2019, [there will be]another P1,000 (increase),” Fariñas said in an interview.

The lawmaker disclosed that a consensus was reached during a caucus among members of the super majority bloc on Wednesday night.

“The caucus went well. If that is any indication, then it [the SSS pension hike in two tranches]is the one which we will pass on the floor,” Fariñas said.

“The Speaker and Senate President will have to talk,” he added, referring to Senate President Aquilino “Koko” Pimentel 3rd.

The House Government Enterprises panel approved the P2,000 across-the-board pension hike for SSS retirees on November 15.

SSS Chairman Amado Valdez supported the measure.

“The consensus is that we grant the P1,000 increase next year, then another P1,000 will be added after a few years, in 2020. In doing so, we will have the chance to address our different problems and give us time to adjust [with the increases],” Valdez told the House panel.

Valdez shared the concerns raised by former Bayan Muna Rep. and National Union of People’s Lawyers Chairperson Neri Colmenares about the SSS’ failure to efficiently collect contributions from employers.

Colmenares said the SSS has only been able to collect contributions from 11.8 million out of 33 million members. It filed 1,227 cases against delinquent SSS employers that only cover P460 million as of 2013, a far cry from the P8.5 billion premiums that the SSS failed to collect from 174,000 since 2010.

“We have to balance hope [of our pensioners]and fear [of the paying members], that’s why we agree with the observations of former Congressman Colmenares that we have to address where should we get our fund [for the pension increase and improving our assets],” Valdez pointed out. Llanesca T. Panti

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4 Comments

  1. The P2000.00 can be granted by letting the SSS hierarchy do their jobs. First, collection effort. If they were not successful in the previous collection strategy, sit down and revamp the system and plan for a new one. Second, streamline the organization. Make a new organigram by taking out the unnecessary positons or the duplicate ones and throw into the fire the positions of AVP, meaning skin the organization to the bone by elimination positions which make the SSS and even the GSIS top heavy. Better get rid of redundant executive positions and hire more employees in the front offices to make the operations quick and easy. Third, stop the practice of making the SSS as a union of political appointees who does not do anything but receive millions of pesos yearly for drinking coffee or play cards in the conference rooms. If the SSS operations and organization is streamlined, there will definitely be more savings. And finally, since collection is ineffective, why not hire professional collectors.

  2. Marami pong salamat sa ating Congreso sa pag-aprub sa ikalawa ng pagkakataon ang pagsagip sa ating mga retiradong membro ng SSS . Walanghiya at tarantado ang Abnoy na nakaraang pangulo.sa pagtaas nya ng mga beneppesyo ng kanyang mga alipores sa ehekotibo ng SSS at pagtanggi naman sa pangkaramihang benepisyo ng SSS beneficiaries.

    • Bro, if the government and the government corporations will do their mandates and then their is no politicking, the SSS and GSIS retirees will not be miserable today. There are a lot of failures in governance plus failure of the people to elect people like President Duterte who really cares about the people.

  3. Yonkers, New York
    08 December 2016

    If SSS Chairman AMADO VALDEZ is reported to have agreed to the two-tranche monthly increase of P1,000 per tranche, then it is safe to assume that the SSS can afford the increase
    .
    It is obvious, however, that the SSS could do a better job of collecting SSS contributions from employers The delinquency is very substantial and if the SSS succeeds in collecting what’s due, the SSS will surely improve the solvency of the SSS Trust Fund.

    MARIANO PATALINJUG
    patalinjugmar@gmail.com