SSS runs after employers with ₱1.2M in delinquencies
State-run Social Security System (SSS) issued last Wednesday notices of violation to four erring employers in Santa Mesa, Manila, for incurring a total of ₱1.2 million in delinquencies.
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State-run Social Security System (SSS) issued last Wednesday notices of violation to four erring employers in Santa Mesa, Manila, for incurring a total of ₱1.2 million in delinquencies.
THE massive protests over the highly unpopular legislation that France passed, raising its retirement age from 62 to 64 to save its pension system, may be a window to a similar future in the Philippines, with its own “ticking time bomb” in its pension scheme.
The Covid-19 pandemic continues to wreak havoc not only on the health and well-being of people, but more so on their economic and financial stability.
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.
One of the often heard advise to the Social Security System (SSS) is to go after erring employers who fail to remit the contributions of their employees. Since there is a clamor for benefits to be increased, the pressure to collect from delinquent employers in order to have sufficient funds for the added benefit has more than doubled.
The House of Representatives approved twin measures on Monday, allowing the Social Security System (SSS) to increase the monthly contribution of its members and to increase the monthly pension of SSS pensioners.
The Social Security System (SSS) on Thursday reiterated the validity of the increase on member contributions as an offsetting measure to the P2,000 pension benefit hike.
Following the approval of P1,000 increase for pensioners of the Social Security System (SSS), lawmakers on Thursday backed the plan of the pension agency to increase members’ monthly contributions.
The Social Security System (SSS) vowed on Wednesday to cut its operating expenses to P1 billion as a way of raising funds supporting the pension payouts of its members. This was also in keeping with the approval of the P2,000 pension sought by President Duterte.
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.
CRACKS in the Duterte administration have surfaced, as the chief of the Presidential Commission on the Urban Poor (PCUP) slammed the mouthpiece of the Department of Finance (DOF) for claiming that the increase in the Social Security System (SSS) monthly pension is good only for pogi points.
One of the milestones laid out by the new administration of the Social Security System (SSS) is the improvement of the delivery of social-security services to members and the public. High on the agenda is how the hundreds of thousand of SSS members and their beneficiaries who troop to the agency’s offices every day may be served expeditiously without having to queue up for a long time.
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