HAD it not been for the hefty bonuses and honoraria of board members and executives as well as the bad investments of the Social Security System (SSS), it would have been easier to understand the reasons behind the presidential veto of the enrolled bill granting P2,000 across-the-board increase in the monthly pension of SSS retirees.

The decision to reject the bill hastily approved by Congress barely four months before an election and less than six months before this administration bows out of office is obviously an extremely unpopular move.

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