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    Editorials:

    Illustration by PED Panlilio

    The SSS transition

    THE timing has become the story—or at least, that’s how it has unfolded—in the confirmation by Palace officials that top-class accountant Corazon de la Paz-Bernardo is leaving the Social Security System (SSS) this month, and will be replaced by controversial Senate witness Romulo Neri, touted by colleagues to have extensive knowledge in the capital markets.

    The de la Paz-Bernardo departure becomes noteworthy because, not only are we letting go of a competent, intelligent person of integrity, not to mention one respected by peers globally (the first Asian to head the Switzerland-based International Social Security Association), the point is, she is being replaced by someone controversial; and at a curious period in the life of the country’s two top pension funds, the SSS and its counterpart, the Government Service Insurance System (GSIS).

    Assuming without conceding two things—that  1) Mrs. Bernardo sincerely wanted to, in the words of her June 18 resignation letter, have more time for her family (having remarried last year) and attend to health problems; and 2) Mr. Neri is intellectually prepared for the job with his knowledge in capital markets—the transition still has raised questions because of persistent talk that some people in the administration have long wanted to dip their hands into the SSS funds, or use them for purposes that, to the ever-professional Bernardo, were a no-no. It didn’t help that her counterpart in the GSIS, Winston Garcia, has been seen as no more than an administration proxy in a megawar with the Lopezes of Meralco, cloaking himself in the consumer champion’s mantle while, curiously, allowing his main constituency, the more than 1 million state workers, to lose in terms of the fast-declining value of their shareholdings as this take-no-prisoners type of battle rages. In fact, on Tuesday, he was at it again, declaring at a public forum his intent to pursue his war, this time over onerous contracts with independent power producers.

    The merits of Garcia’s advocacy aside, the transition at the SSS deserves attention because this isn’t the first time that workers have justifiably felt some paranoia that someone with sticky fingers among the powers that be wants to dip into their pension funds. Fortunately, during the long years of the Marcos regime, the SSS stayed intact, not for any lack of trying from Imelda’s cronies, but because the then-administrator, Gilberto Teodoro Sr., was no pushover.

    In the end, therefore, it truly matters that whoever heads the SSS is no pushover. Whatever her officially stated reasons may be, people in the know swear that Ms. De la Paz-Bernardo is leaving because she is no pushover.

    On the same night that newsrooms were scrambling to piece together the SSS transition story, coincidentally, a Palace announcement provided one angle: the new SSS administrator will have a Cabinet rank because he will, under Administrative Order 232, head a newly formed cluster of “social-welfare agencies” brought together, ostensibly, to afford the government a more coherent, integrated approach to helping the poor cope with the impact of the oil-food crises and related issues.

    This means Mr. Neri, who once upon a time was worshipped by his Ateneo classmates when he testified at the Senate on the national broadband network-ZTE deal, only to later shut up, gets to sit at the Cabinet table once more, as he did when he once headed the National Economic and Development Authority. Is he being rewarded to make sure he stays silent forever? Or to ensure that the SSS is headed by someone perceived as more malleable than Bernardo?

    In the new scheme that clusters the SSS and GSIS with “social-welfare agencies” like the Department of Social Welfare and Development (DSWD)—questionable in the sense that the DSWD is funded by tax money precisely to help the poor; the two trust funds are owned by the poor—so many questions arise, and the cluster’s timing can only aggravate the doubts raised in the SSS transition.       

    OTHER STORIES

    Editorial: The SSS transition

    THE timing has become the story—or at least, that’s how it has unfolded—in the confirmation by Palace officials that top-class accountant Corazon de la Paz-Bernardo is leaving the Social Security System (SSS) this month, and will be replaced by controversial Senate witness Romulo Neri, touted by colleagues to have extensive knowledge in the capital markets.

    read more

    Outside the Box: The high-oil-price deception

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    Most companies would agree that in order to maintain a good work force, it is essential to keep workers motivated. Motivation, which is the reason for one’s engaging in a particular behavior, may be intrinsic (those internal to the person, such as satisfaction one feels from the job) or extrinsic (those external, such as money or rewards).

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    Reflections from the Mirror: A million thanks!

    I believe it is now the best time for me to express my appreciation and gratitude to those kind-hearted individuals and groups that, without being asked, voluntarily gave valuable support to our efforts to provide assistance to all those who suffered loss of property and even lives as a result of killer Typhoon Frank.

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