GRANTING a P2,000 pension increase across the board will leave the Social Security System (SSS) bankrupt, officials of the agency warned on Thursday.
Marissu Bugante, SSS Vice President for Public Affairs and Special Events Division and George Ongkeko Jr., SSS Vice President and Chief Actuary said if House Bill 5842 is approved, it will shorten the fund life and operations of SSS to 13 years or until 2029.
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