Proposed P2,000 Increase in SSS Pension Approved by the House Committee

Good news for all SSS pensioners, On Wednesday the 17th congress, the House committee on government enterprises and privatization finally approved the proposed bill of increasing the monthly pension of all SSS pensioners. 

The proposed bill is to increase an additional P2, 000 for all SSS pensioners in their monthly pension.

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It is recalled that the P2, 000 SSS pension hike was initially vetoed during the term of the former President Noynoy Aquino, for the reason that P26B will be lost each year to the fund of the SSS. but in this 17th Congress legislator is very positive that the proposed bill will finally become a law.

SSS official also attended the hearing at the congress, while Bayan Muna Rep. Carlos Isagani Zarate filed a motion for Omnibus Approval for 15 pending motions which is quickly seconded by Sorsogon Rep. Evelina Escudero,

Zarate hopes that the plenary quickly approved the proposed bill as well as the senate version by the end of this year, so that Pres. Duterte will finally sign and finally implemented the P2, 000 SSS pension increase that SSS pensioners are long been waiting, hoping that legislator won't disappoint them

Meanwhile, Surigao Rep. Prospero Pichay, said that there is still a possibility that the proposed bill might be denied? If the survival rate of SSS fund might be at risk?

Also during the hearing, Gregory Ongkeko, Vice President of Social Security System warned the lawmakers that increasing the pension by P2,000 will shrink the fund of SSS actuarial life from 2042 to 2025.

SSS pension is a great help to all SSS pensioner or retiree’s it would be a great help if the lawmaker will finally approved the proposed bill? For now, let’s just sit and wait on the outcome of this proposed P2k SSS hike?
source: abante