‘Pension funds for loans, not projects’

Published by rudy Date posted on January 25, 2009

MANILA, Philippines—With so many Filipinos losing their jobs because of the slowing global economy, the government should reconsider using the money of the state-run pension funds for the P330-billion economic stimulus package.

Gabriela party-list Rep. Liza Maza said the funds of the Social Security System (SSS) and the Government Service Insurance System (GSIS) as well as that of the Overseas Workers Welfare Administration (Owwa) would be put to better use providing loans and assistance to the laid-off workers and those in danger of losing their jobs.

Maza said there was no guarantee the infrastructure projects the government is planning to pump-prime the economy would provide lucrative returns.

She said the economic stimulus package did not directly address the needs of retrenched workers.

“Workers’ funds are not for the government to use, meddle with or subject to undue financial risks by investing them in vague concepts such as an economic stimulus fund that has no assurance of pumping up the economy for the benefit of our poor workers,” she said.

Maza is the representative who demanded that SSS president Romulo Neri be summoned to Congress to explain why he committed P12.5 billion of SSS money to the P330-billion economic stimulus package. –Leila B. Salaverria, Philippine Daily Inquirer

September 18 –
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“Increase wages now,
more than other cost items.
For widespread, practical equality!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
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Accept the National Unity Government (NUG) 
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October –

   

Monthly Observances:

Industry and Commerce Safety Month 

National Statistics Month 

Local Government Month 

Consumer Welfare Month 

Cooperative Month

National Quality and Productivity Improvement Month 

National Health and Wellness Tourism Month
National Indigenous Peoples Month

 

Weekly Observances:

Week 1: Elderly Filipino Week 

Week 2: National Health Education Week 

Local Government Week 

National Mental Health Week 

October 17-23:

National Week for Overcoming Extreme Poverty 

October 18 – 24:

United Nations Week 

Last Week:

Nurses’ Week 

Consumers’ Protection Week 

Week of the 4th Sunday:

Barrio Farmers’ Week

 

Daily Observances:

First Monday (Oct 4): Universal Children’s Day i
n the Philippines 

Oct 5: National Teachers’ Day 

Oct 10: Local Government Day 

Third Thursday (Oct 14): Conflict Resolution Day 

Oct 21: Tenants’ Emancipation day 

Oct 24: United Nations Day 

Oct 29: National Indigenous People’s Thanksgiving Day

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