Social Security

MANILA, Philippines – Trade Union Congress of the Philippines, the largest labor group in the country, rejected yesterday the proposal of the Home Development Mutual Fund (Pag-IBIG) to increase its membership contribution rate, saying the move would be an additional burden to the housing fund’s 7.4 million members.

MANILA, Philippines – The Home Development Mutual Fund (Pag-IBIG) is planning to increase its membership contribution rate to further improve the agency’s financial capability and meet the demands of members for more loans and benefits.

MANILA, Philippines – To protect departing overseas Filipino workers from paying excessive fees, the Philippine Overseas Employment Administration (POEA) rejected a proposed congressional measure for the adoption of a compulsory liability insurance scheme for all OFWs.

MANILA, Philippines – President Arroyo has set aside P12 billion in her proposed P1.541-trillion 2010 national budget as subsidy for poor families, or more than double this year’s allocation of P5 billion.

September 1, 2009 marks the 52nd Founding Anniversary of the Social Security System (SSS). With the Anniversary theme, “SSS@52: SOURCE OF SOCIAL SECURITY, STRENGTH AND STABILITY”, this year’s celebration will be headlined by Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. as Guest of Honor and Keynote Speaker at the Anniversary Program and Balikat…

The Government Service Insurance System (GSIS) released P15.20 billion in pension benefits in 2008, conveniently disbursing bulk of the amount through a pioneering service called eCard Plus.

MANILA, Philippines – The Social Security System (SSS) reported a lower net revenue of P8.37 billion during the first six months of this year, or P8.38 billion lower than the P16.75 billion recorded in the same period last year.

STATE-RUN Social Security System (SSS) said the number of cases it filed against delinquent employers fell in the first half of this year.

A LABOR group blamed lawmakers for the financial difficulties besetting the Philippine Health Insurance Corp. and called on the national government to save the state-run health care financier from becoming insolvent.

The Government Service Insurance System yesterday unwrapped a housing loan package with a fixed interest rate of 8 percent and an easy repayment period up to 30 years.

MANILA, Philippines – Malacañang said yesterday the state-owned Philippine Health Insurance Corp. (PhilHealth) is far from facing bankruptcy or any financial trouble in the next few years.

Failure to remit the compulsory contribution of the employees to the SSS is a violation of the SSS Law (R.A. 1161 as amended by R.A. 8282) that renders the employer criminally liable. Such liability however arises only if there is employer-employee relationship between the complainant and the alleged offender. This is the ruling in this…

The head of the Overseas Workers Welfare Administration (OWWA) yesterday assured that the fund being maintained by the agency to be used to provide for the needs of overseas Filipino workers (OFWs) is intact even as amounts of it are placed in investments.

The Arroyo administration increased the number of beneficiaries of the Pantawid Pamilyang Pilipino Program, or 4Ps to one million poor families a month from 700,000 families a month.

A senator yesterday said she plans to file a Senate resolution to investigate the Overseas Workers Welfare Administration (OWWA) to find out how it spends the funds contributed by overseas Filipino workers (OFWs) now amounting to $11.4 billion.

Dear PAO, Our company is giving a 13th month pay every May and December. Recently, we have a general assembly regarding the new 13th month pay guidelines. But it was not discussed clearly to us when it came to a pregnant woman who would take her maternity leave. Can you please enlighten me about the…

STATE-RUN Social Security System (SSS) said it cut the interest rates of its social and business loans to encourage more businesses, schools and hospitals to avail of its credit facilities as well as spur economic activity.

Over 1.2 million barangay (village) officials and their families will soon receive free health insurance coverage under a joint project of the Department of the Interior and Local Government (DILG) and the Philippine Health Insurance Corp. (PhilHealth) with local government executives. DILG Secretary Ronaldo Puno, who announced this new benefit package for the village officials…

CEBU, Philippines – About 3,000 poor families from 10 barangays of Cebu City yesterday received financial assistance from the national government so they can continue to send their children to school despite their hardship.

MANILA, Philippines – Workers from both the government and the private sector who have been infected with the A(H1N1) virus can now seek compensation from the Employees’ Compensation Commission through the Social Security System or the Government Service Insurance System.

MANILA, Philippines – Sen. Miriam Defensor-Santiago, chairperson of the Senate Economic Affairs Committee, will file a bill providing conditional cash transfers (CCTs) to extremely poor families.

MANILA (AFP)- Asia is facing an ageing crisis with weak and inadequate pension systems and family-based support dwindling, a leading development bank said Saturday.

The total amount of discounts members and pensioners of the Government Service Insurance System (GSIS) have availed of under the pension fund’s medical discount program has already reached P206.3 million to date.

Who is going to pay for the retirement of future generations? Most European countries face the same difficulty, amid ageing populations and low birth rates.

As the debate intensifies about the reform of pension provision in the UK, BBC News looks at the different approaches taken by other countries to the pensions crisis to see what lessons might be learned.

MANILA, Philippines – Senior citizens above 70 years not receiving any pension are set to get a P500 monthly stipend from the national government.

Dear PAO, My sister and I were the beneficiaries of my mother’s Social Security System (SSS) pension, as she was not married to my stepfather. When my mother died in 2001, my uncle took care of processing her burial and death benefits because at that time we were still minors. My uncle took my mother’s…

MANILA, Philippines – Some P30 billion in unpaid premiums from various government agencies and units are hampering the operations of the Government Service Insurance System as well as its ability to pay out benefits.

MANILA, Philippines – The Government Service Insurance System (GSIS) is running after an estimated P30 billion in arrears and remittances from government-owned agencies and local government units (LGUs).

LEGAZPI CITY, Albay, Philippines—A top Senate official and one of President Macapagal-Arroyo’s close economic advisers on Friday urged government to lower income taxes for ordinary wage earners as this could help reduce poverty and increase investments.