Bayan Muna party-list Representative Neri Colmenares warned the public on Monday not to fall for claims of SSS officials that the state-run social insurance program for non-government employees doesn't have enough resources for the P2,000 across-the-board pension increase, disclosing that the SSS has P428 billion in investment fund that generates an investment income of an average of P32 billion per year.
The Senior Deputy Minority Leader said the net revenue of SSS in 2014 reached P44.47 billion and its assets are valued at P500 billion.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.