LOOK: SSS Pension Increase Of P2,000 Now Approved By A House Panel

SSS Pension Increase Of P2,000 Now Approved!

SSS Pension increase – The Social Security System (SSS) monthly pension increase of P2,000 has been already approved by a panel of the House of Representatives, Wednesday, September 8, 2016.

In a report by PhilStar, the motion of Bayan Muna party-list Rep. Carlos Zarate for the approval of 15 pending measures looking for an increase in the SSS monthly pension has been approved by the committee on government enterprises and privatization.

According to Zarate, he is also hoping that the Senate will approve the urgency to increase the SSS pension while he is waiting expecting an approval in the House soon.

Zarate was one of the authors of the re-filed SSS pension increase bill.

“We hope that the Senate version would also be expedited so that President Duterte can sign this long-awaited measure before the year ends,” he said as quoted in the report.

House Deputy Speaker Raneo Abu praised his colleagues for the fast approval of the bill saying that the proposed bill only shows that the Congress has a desire to serve the people.

“This is a very worthy proposal that would show Congress’ sincere desire to serve the people’s interest. It is feasible, necessary and urgent. The current pension benefit was not adjusted enough to meet the current cost of living standards,” Abu said.

“This is a major step towards sharing the inclusive growth to the elderly. I hope the Senate will also expedite the passage of the measure aimed at easing the plight of our SSS pensioners,” he added as quoted.

But, according to the report, SS Vice president Gregory Ongkeko have warned that the said pension increase of P2,000 would minimize the fund of SSS from 2042 to 2025.

Would this proposed bill be approved by the Senate to be implemented then?

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