Social Security

Louise Maureen Simeon – The Philippine Star February 21, 2022 | 12:00am MANILA, Philippines — The Philippines should double it’s effort in boosting social protection programs, especially for informal workers, as the pandemic is slowly nearing its end, according to the International Labor Organization (ILO). The COVID-19 pandemic has shown the need for social protection…

by Cecille Suerte Felipe – The Philippine Star, 14 Dec 2021 MANILA, Philippines — The Senate approved on third and final reading yesterday the Expanded Solo Parents Welfare Act, which will benefit around 15 million single parents, 95 percent of whom are women.

by Jenina P. Ibañez, BusinessWorld, 20 Oct 2021 THE PHILIPPINE retirement income system is ranked the second lowest in Asia and near the bottom of a Global Pension Index covering 43 economies, after a slowdown in economic growth.

by Ndiamé Diop – The Philippine Star, 14 Oct 2021 Social protection helps the poor and vulnerable in a country, especially in times of crises and shocks that may threaten the well-being of families. When COVID-19 hit and quarantines began, the Philippines needed a massive expansion of social protection coverage to mitigate the impacts of…

by Louise Maureen Simeon – The Philippine Star, 24 Sep 2021 MANILA, Philippines — The Philippines should boost its social protection programs, especially for vulnerable groups, to ensure that the country’s labor force can bounce back from the pandemic and address worsening inequality and poverty.

by Edu Punay (The Philippine Star), 4 Jun 2021 MANILA, Philippines — A House ad hoc committee has approved a bill seeking to reform the pension system for military and other uniformed personnel (MUP).

by Czeriza Valencia (The Philippine Star), 9 May 2021 MANILA, Philippines — The Department of Finance (DOF) will rally support this year for the passage of proposed reforms in the pension system of the military and uniformed personnel (MUP).

by Jarius Bondoc (The Philippine Star), 5 May 2021 Old soldiers never die; they’re just forgotten. Veterans’ pensions were in fact delayed for decades. Other annual budgetary priorities kept overtaking their direly needed retirement benefits. Only in 2019 were those updated, though still with part of 2018 unpaid. And exigencies are again looming to block…

By Julie M. Aurelio, 2 May 2021 A House official has filed a bill to fix the pension system for military and other uniformed personnel (MUP) as it faces an “imminent existential threat” because its current funding will be “unsustainable” if no reforms were made soon.

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by Mary Grace Padin (The Philippine Star), 24 Aug 2020 MANILA, Philippines — The Capital Market Development Council (CMDC) is studying reforms in the corporate pension system to ensure that private sector employees get enough retirement funds, while also helping the development of the domestic capital market, according to the Department of Finance (DOF).

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https://twitter.com/EconomyInformal/status/1212884393250955265/photo/1

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(The Philippine Star), 9 Nov 2019 MANILA, Philippines — State-run Social Security System (SSS) said yesterday it is considering the creation of a special program which will cater to Filipinos employed in the informal sector.

by Czeriza Valencia (The Philippine Star) – Feb 15, 2019 MANILA, Philippines — The Philippines is among six countries in the Asia-Pacific region that need to open up new fiscal space to fund the minimum required investments in social protection under the Sustainable Development Goals (SDG) agenda, according to a new report by the Asian…

By Cai Ordinario, Business Mirror, Feb 14, 2019 THE Philippines needs to spend an average of 3.48 to 5.58 percent of its GDP to fill its social protection gaps up to 2030, according to estimates by the Asian Development Bank (ADB).

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SRI WENING HANDAYANI | AUG 24, 2018 Anyone who studies welfare systems, particularly on providing social protection or social security for every citizen, usually goes back to the argument between the approaches defended by 19th century German Chancellor Otto von Bismarck and UK progressive economist Lord William Beveridge.

by https://www.adb.org/news/features/strategies-providing-social-protection-all, 14 June 2018 Informal workers such as street vendors, home-based workers, and small business operators make up about 60% of Asia’s total labor force.

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Our changing economy has given rise to a nation of freelancers and contractors—and the need for a twenty-first-century social contract. By Nick Hanauer and David Rolf The American middle class is facing an existential crisis. For more than three decades, declining wages, fraying benefits, and the rising costs of education, housing, and other essentials have…

by Scott Santens, Jan. 15, 2017 Read the article here.  

LOS ANGELES – Social security is a hot topic here specially in the light of a disappearing middle class amidst growing income inequality. According to Forbes last week, 56 percent of Americans in a recent survey said they have less than $1,000 in their checking and savings accounts combined. About 25 percent have less than…