Social Protection-SSS

Read more here.

Read more here.

by Mary Grace Padin (The Philippine Star) – Apr 6, 2019 MANILA, Philippines — Filipinos have set aside only 3.6 months’ worth of personal savings for their retirement, the lowest among eight countries in Asia, according to a survey conducted by Manufacturers Life Insurance Co. (Manulife).

Read more here.

Read more here.

by Bilyonaryo.com.ph, Mar 25, 2019 The Expanded Maternity Leave Law will shorten the Social Security System’s (SSS) fund life by one year if a contribution hike is not imposed to correct this situation.

by Roy Stephen C. Canivel, Philippine Daily Inquirer, Mar 20, 2019 Costs entailed in implementing the Expanded Maternity Leave Law would affect the decision to hire women by a majority of small and large companies surveyed by the Employers Confederation of the Philippines (Ecop).

by ABS-CBN News, Mar 4, 2019 Nag-aayos ng dokumento ang household worker na si Cecilia Siapno na papuntang United Arab Emirates.

by Jess Diaz (The Philippine Star) – Feb 23, 2019 MANILA, Philippines — Following the enactment of a law extending maternity leave to 105 days, a Mindanao congressman is eyeing to lengthen paid paternity leave from seven days to 15 days.

by Darryl John Esguerra, Philippine Daily Inquirer, Feb 21, 2019 MANILA, Philippines—President Rodrigo Duterte has signed into law the Expanded Maternity Leave Act that will provide longer maternity leave to all working mothers.

by Paolo Romero with Cecille Suerte Felipe, Mayen Jaymalin, The Philippine Star, Feb 20, 2019 MANILA, Philippines — Social Security System (SSS) members who have lost their jobs may apply for unemployment assistance under Republic Act 11199 or the Social Security Act of 2019, which President Duterte signed into law last week.

Read more here.

by Mary Grace Padin, The Philippine Star, Jan 8, 2019 MANILA, Philippines — State-run Social Security System (SSS) is still waiting for further progress on the status of a bill which seeks to amend the state fund’s charter.

By: Vince F. Nonato, Philippine Daily Inquirer, Dec 19, 2018 The Commission on Audit (COA) has ordered high-ranking officials of the Social Security System to return over P71 million in excessive benefits granted to employees of its National Capital Region branches in 2010.

DUE TO PENSION HIKE By BERNADETTE REYES, GMA News, May 15, 2018 The Social Security System (SSS) Fund may last only until 2026 if the second tranche of the P2,000 pension increase pushes through next year.

By Jess Diaz and Mayen Jaymalin (The Philippine Star), Feb 1, 2018 MANILA, Philippines — Leftist lawmakers opposed yesterday the plan of the Social Security System (SSS) to increase employees’ monthly premium contribution from 11 percent to 14 percent of their salary.

by Ben O. de Vera, Inquirer, Feb 1, 2018 Raising the contribution rate of Social Security System (SSS) members to 14 percent would make the pension fund for private workers at par with that of government employees, Social Security Commission chair Amado D. Valdez said Thursday.

by Mary Grace Padin (The Philippine Star), Dec 16, 2017 MANILA, Philippines — About 1.32 million retiree-pensioners of the Social Security System (SSS) are no longer required to report to the state fund for its Annual Confirmation of Pensioners Program (ACOP).

Advocates and lawmakers call for the passage of a measure that seeks to establish a universal social pension system for Filipino elderly Patty Pasion @pattypasion, Oct 5, 2017 MANILA, Philippines – Some 40% of Filipino senior citizens are still left behind in government efforts to provide social protection for the sector, based on estimates of…

By: Ben O. de Vera – Reporter, Philippine Daily Inquirer, October 02, 2017 Starting January next year, the contribution rate of Social Security System (SSS) members will increase to over 12.5 percent of the monthly salary credit to enable the pension fund for workers in the private sector to cover the higher pensions of retirees.

OWNERS WHO DON’T REMIT CONTRIBUTIONS Ted Cordero/VDS, GMA News, April 21, 2017 The Social Security System (SSS) has launched a campaign against employers who do not remit employees’ monthly contributions to the pension fund, according to a report by GMA News’ Ivan Mayrina on “Balitanghali” Friday.

By: Ed Margareth Barahan, INQUIRER.net, Apr 06, 2017 Social Security System (SSS) President Emmanuel Dooc on Thursday clarified that the P6.2 billion that was released last March for the additional P1,000 benefit of pensioners did not come from the subsidy of the national government, but from the agency’s investment income and its present member contributions.

Feb 22, 2017 Read the article here http://www.jbsolis.com/2017/02/how-much-will-your-sss-pension-based-on-your-contributions.html#ixzz4ZTLB6OxF

By Susie Bugante, Businessmirror, Feb 21, 2017 Members of the Social Security System (SSS) often wonder how their retirement pensions are computed. Today’s column will attempt to explain how the basic pension is arrived at following the provision of Section 12 of the SSS Act of 1997.

by Gabrielle H. Binaday, Manila Standard, Jan. 23, 2017 An industry group on Monday warned the increase in members’ contribution rate may hurt some companies and trigger layoffs. “An increase in employer contributions will increase overhead costs raising the pressure to restructure the organization and that this may eventually bring about possible layoffs or workforce…

Malacanang announced last week that President Duterte has approved the long awaited proposal to increase by P2,000 the SSS pension, in two gives, P1,000 this year (2017) and P1,000 in 2022 when he leaves office. PUDU30 also adjusted the MSC cap from P16k to P20k. He also plans to increase SSS contribution by 1.5% starting…

by Marvin A. Tort, Businessworld, January 12, 2017 Almost five years ago, I wrote a column about my concerns regarding the life span of the Social Security System (SSS). I expressed my opinions based on a study by the Asian Development Bank (ADB), released in the third quarter of 2012, on pension systems in the…

Citing Republic Act 8282, Senate President Pro-Tempore Franklin Drilon says the SSS cannot recommend an increase in benefits that require a corresponding increase in contribution by Camille Elemia, Rappler, January 11, 2017 MANILA, Philippines – Senate President Pro-Tempore Franklin Drilon and Senator Paolo Benigno “Bam” Aquino IV questioned the planned increase in the monthly contribution…

By Philippines News Agency, JANUARY 10, 2017 President Duterte has approved a pension hike for Social Security System (SSS) members, along with a corresponding increase in contributions, Palace and SSS officials said on Tuesday. In a press briefing in Malacañang, Presidential Spokesman Ernesto C. Abella said the President has approved a P1,000 increase for SSS…

By Susie Bugante, Businessmirror, January 9, 2017 IN the midst of the discussions concerning the proposal to increase the Social Security System (SSS) pensions by P2,000 is the issue on the agency’s operating expenses (opex). Allegedly, the pension fund’s operating expenses are high due to excessive salaries and benefits. But are the compensation and benefits…