Pangalawang Bugso ng SSS Pension Hike na P1000 Kada Buwan, Suportado sa Kamara

Good news ito para sa ating mga kababayan na matagal na itong hinihintay! Ayun sa balitang inilabas ng Manila Times, suportado na ng House Panel sa Kamara ang pangalawang bugso ng P1,000 pension para sa mga pensyonadong miyembro ng SSS.

Manila Times reported
"The House Committee on Government Enterprises and Privatization has adopted resolutions that call for the implementation of the second tranche of the approved Social Security System (SSS) pension increase. The adopted three House Joint Resolutions (HJRs) aim to increase the monthly SSS pension by another P1,000 to boost financial assistance to Filipino retirees in line with HJR 10 approved during the 17th Congress."

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The report continued:

"HJR 10 increases the monthly pension by P2,000 under the Social Security Act of 1997. The first tranche of the pension hike amounting to P1,000 has been implemented since January 2017. The initial hike brought the minimum monthly pension from P2,200 to P3,400.

The HJRs seek to implement the second tranche of pension hike effective from January 2020.

SSS has 2.4 million pensioners as of September 2018. As of 2017, there were 36.1 million SSS members.

Adopted were HJR 1, authored by Bayan Muna Representatives Carlos Isagani Zarate, Ferdinand Gaite and Eufemia Cullamat, ACT Teachers party-list Rep. France Castro, Gabriela party-list Rep. Arlene Brosas, and Kabataan party-list Rep. Sarah Elago; HJR 2 by Isabela First District Rep. Antonio “Tonypet” Albano; and HJR 6 by Baguio City Rep. Mark Go."

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According to one commenter:
"This was the same SSS Bill approved by Congress in 2016 but vetoed by former President Benigno Simeon Aquino during the last few months of his presidency. Duterte made a compromise 1000 pesos increase instead of the proposed 2000 after he assumed office to partially mollify the angered SSS pensioners." 

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SSS CONTRIBUTION PROPOSE TO BE MANDATORY FOR OFWs

Overseas Filipino Workers (OFWs) may help to prevent the planned increase in Social Security Service (SSS) contribution starting May 2017.

The increase is due to approval of P1,000 pension hike for retirees that will be implemented this month. The second tranche of P1,000 pension will be on 2022.

According to SSS Chairman Amado Valdez, an increase in membership and contribution from OFWs may help stave off the plan to increase contribution from members by 1.5 percent or, to 12.5 percent from 11 percent.

He said this increase will compensate for the increased payouts for the retirees.

"If there would be an additional 10 percent or 1.5 million (new members) coming in, we may not be increasing the contributions anymore in the future," Valdez said.

Valdez said that while the present contributions and income are enough to pay for the increase, the fund's lifespan will only be until 2032 or ten years earlier than originally projected.

(WATCH:SSS eyes contribution hike as pension increase faces delay)

He said that the government wants to make SSS membership compulsory for OFWs through legislation. He said this will assure OFWs of protection and will bring in member contributions that "would be very big."

At present, OFWs can be voluntary members of the SSS. According to the SSS, 1.2 million of its 34.6 million members are OFWs. They accounted for P3.2 million, or 3 percent, of member contributions between January and September 2016.

SEE MORE:

How To Apply For SSS Direct Housing Loan Facility For OFWs

SSS Offers as Much As Php2 Million Direct Housing Loan for OFWs

How To Apply For SSS Educational Assistance Loan

SSS Offers Loan Restructuring/ Condonation For Delinquent Borrowers

On the other hand, SSS President Emmanuel Dooc said the have initially identified ways to widen the network and revenue of SSS.

This includes:

1) All aspiring government contractors must submit SSS clearance as part of pre-bidding requirements, to ensure that these firms pay contributions for their employees.

2) To make mandatory for every OFW – now classified as voluntary members – to become compulsory SSS members.

All OFWs if they become members, could help boost the revenue base, and assure themselves/their families of SSS benefits.

3) All LGUs should observe a strict policy not to renew business permits of firms that cannot issue SSS clearance.

4) All professionals renewing licenses with PRC must also present SSS clearance.

He that the SSS will be more secure if it manages to increase membership by 1.5 million.

(WATCH:BayanMuna Representative Carlos Zarate asserts there should be no hike in SSS contributions to fund the new pension hike.)




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P1,000 SSS PENSION HIKE, WILL START DECEMBER

This would be an early good news and a Christmas gift to all pensioner of Social Security System (SSS).

Retired member of SSS will receive this December the P1,000 increase in their monthly pension.

This is after the House of Congress and the Senate approves the Joint Resolution that would increase the monthly pension of Social Security System (SSS) members by P2,000.

"the P2,000 shall be given in two tranches: The first tranche amounting to P1,000 shall be given starting December 2016; while the second tranche amounting to P1,000 shall be to be extended to the pensioners in December 2019."

SEE ALSO:

SSS Offers as Much As Php2 Million Direct Housing Loan for OFWs

SSS Offers Loan Restructuring/ Condonation For Delinquent Borrowers

How To Apply For SSS Educational Assistance Loan

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The good news is confirmed none other than the author of the bill itself, Bayan Muna party-list Rep. Carlos Zarate.

They are pushing that the second tranche of the increase will be given in 2019

“Magandang Pamasko ito sa ating mga kababa­yan. This is a major victory for the senior citizens and the Filipino people,” said Zarete.


There is almost 2 million SSS member will be benefited the increase in SSS pension starting this month.


READ:BAYAN MUNA NEWS RELEASE, DECEMBER 11, 2016

(WATCH:Son caring for ailing Pa, waits for SSS Pension hike.)

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