SSS pensioners to get P1K hike next year

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PENSIONERS can look forward to a P1,000 increase in their monthly pension next year after the Committee on Government Enterprises at the House of Representatives approved the P2,000 pension hike for Social Security System (SSS) retirees.

“The consensus [in SSS]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],” SSS chairman Amado Valdez said.

Valdez however appealed to Congress that instead of enacting a law, the House should just adopt a resolution to prevent future legal challenges.

“It would be best if it would be a House resolution because once it is enacted into a law, there will be stakeholders who could question this before the court and say this law is in violation of the obligation of the SSS to its members who are paying contribution because their [contribution]are already obligated,” the SSS chief explained. “We want a resolution because this is an initiative of Congress and anything that we will do [about this]should be to the credit of Congress.”


Valdez shared the concerns raised by Neri Colmenares, chairman of the National Union of People’s Lawyers, on 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 SSS members. He also cited a 2014 Commission on Audit Report showing that SSS has P17.956 billion worth of idle assets, including unrented 102 condominium units, 16 houses and 169 parking lots.

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2 Comments

  1. Although P1,0000 may not be sufficient it’s better than nothing at all .The other P1,000 to be given in 2020 is a long
    way to run but hoping old -aged pensioners would still be alive to receive it.

  2. Ewan ko Kay Mr. Valdez, noong unang wala pa sya sa gubyerno he is for the immediate increase on sss pensions, now, siguro na brainwash sya ng mga swapang na mga board at top executives ng sss na kung maningil ng fees at bonuses ay parang sky is the limit noon, baka pati sya nasilaw na rin sa mga millions na bonuses before the year ends? Simple lang ang explanation ng kongreso, dahil below 40% lang ang collection efficiency nila e di magsumikap silang itaas ito at kumayod at hwag lang sitting pretty sa kanilang airconed offices.