Social Security

MANILA, Philippines – Four board members of state insurer Social Security System (SSS) made a killing from the P78.9-million sale of shares of stock of Philex Mining, all of which were never turned over to the pension fund, it was revealed during yesterday’s Senate hearing on the alleged excessive salaries and perks enjoyed by the…

Non-poor households buy half of NFA rice MANILA, Philippines—The World Bank urged the Aquino administration to finally stop subsidizing rice supposedly meant for poor households as the government continued to pile up huge losses from this program.

CEBU, Philippines – The Philippine Overseas Employment Administration clarified it has not suspended the collection of Pag-Ibig Fund membership fees from overseas Filipino workers, as reportedly ordered by Vice President Jejomar Binay in his capacity as chairman of the Housing and Urban Development Coordinating Council.

MANILA, Philippines – The National Power Corp. and the National Power Board have been ordered by a Quezon City court to pay a total of P300 million to a group of retirees who alleged they got less than what they were supposed to when they opted to retire early under the company’s restructuring program.

CALIFORNIA, United States—An immigrant residing in California recently contacted our office to express her disgust over her inability to obtain her retirement benefits from the Social Security System. Her letter reads:

MEMBERS OF the Pag-IBIG Fund who missed out on the monthly payments for their housing loans have until Sept. 30 to avail of the agency’s latest loan restructuring and penalty condonation program.

MANILA (PNA) — The Trade Union Congress of the Philippines (TUCP) urged on Wednesday the Social Security System (SSS) to immediately give back to its member-borrowers some P980 million in individual loan over-payments.

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A TEACHERS’ group on Monday filed a petition asking the Supreme Court (SC) to nullify the recurring deductions allegedly made from the salaries of the teachers and other government employees on three Government Service Insurance System (GSIS) policies.

MANILA, Philippines – The Social Security System (SSS) owes almost 2.2 million of its members some P979.49 million in loan overpayments and is not doing enough to refund the amount.

VICE President Jejomar Binay on Thursday has ordered two government agencies to suspend the implementation of the order that mandates the six-month advance contribution of overseas Filipino workers (OFWs) to the Home Development Mutual (Pag-IBIG) Fund. In a statement, Binay directed both the Pag-IBIG and the Philippine Overseas Employment Administration (POEA) “to conduct a thorough…

MANILA, Philippines—Overseas Filipino workers and their recruiters alike are up in arms over the compulsory six-month contribution OFWs are now forced to make to the Home Development Mutual (Pag-IBIG) Fund even before they could leave to start work abroad.

MANILA, Philippines—Schoolchildren in 48,000 state-run daycare centers across the country will have daily hot porridge of surplus rice from the National Food Authority, NFA administrator Lito Banayo said Tuesday.

MANILA, Philippines – This should serve as a warning to all employers. The Supreme Court has sentenced the president of a corporation from 4 to 20 years in prison for failing to remit P400,000 worth in contributions of his employees to the Social Security System.

THE Social Security System plans to increase its social protection expenditure by 5 percent next year from P80 billion this year as it strives to give ample assistance to its members.

STATE-RUN Social Security System (SSS) on Monday disputed a study that showed the Philippines ranking 22nd among 31 Asia-Pacific countries in terms of social protection. In the report dubbed as “Scaling Up the Social Protection Index for Committed Poverty Reduction,” the Asian Development Bank (ADB) said the Philippines registered an over-all social protection index (SPI)…

MANILA, Philippines – Health maintenance organizations (HMOs) would appear like hit songs going up and down the music chart in the race to the top, but none ever staying long in that slot.

MANILA, Philippines –  The Philippine Health Insurance Corp. (PhilHealth) has come up with a benefit package for people with HIV/AIDS to fortify efforts to meet Millennium Development Goal No. 6, which is to “halt or reverse the spread” the virus.

“LIVELIHOOD” (PROGRAMANG pangkabuhayan) clearly tops the people’s initial agenda for the attention of President Aquino, according to a report from the June 25-28, 2010 Social Weather Survey released last Monday.

THE Aquino administration will almost triple the cash payments to the needy in its budget next year, doling out P29 billion to 2.3 million poor families nationwide, Budget Secretary Florencio Abad said Thursday.

Some 4.7 million Filipino families are set to benefit from the “Pnoy PhilHealth day” that aims to provide health insurance coverage to “true” indigents in the country after they were evaluated and identified by the Department of Social Welfare and Development (DSWD).

Delinquency in payment of loans to the Social Security System (SSS) turned for the worse under the watch of NBN-ZTE scandal witness Romulo Neri who had been tasked in the previous administration to improve the state-owned firm’s financial performance, the Commission on Audit (CoA) reported.

THE government is planning to go into a “food-for-work program” as one strategy to ensure that the National Food Authority (NFA) will not drown in “excess imported rice,” a result of overimportation by the Arroyo  administration.

MANILA, Philippines – Filipinos are now required to contribute to the Pag-Ibig fund if they intend to work abroad.

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MANILA, Philippines – The Trade Union Congress of the Philippines (TUCP) has expressed its support for a new policy that makes Pag-IBIG membership a requisite for departing OFWs.

The Philippine Health Insurance Corporation (PhilHealth) is planning to increase the benefits granted to members who need to undergo kidney transplantation.

MANILA, Philippines – Former President Gloria Macapagal-Arroyo’s urban poor assistance program was a failure, the Commission on Audit said yesterday.

Manila (26 July) — The Government Service Insurance System (GSIS) has revisited the Implementing Rules and Regulations (IRR) of Republic Act 8291, the law governing the pension fund, with a particular focus on disability benefits.

In 2008 Winston Garcia caused the filing of libel charges against several newspapermen, including this columnist, who had echoed questions raised by public school teachers against him.