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January 22,2013 12:16 AM

By: Dolly Yasa

BACOLOD City – The Social Security System (SSS) will increase the minimum monthly pension of its members once the enabling law is passed.
Raul A. Casiano, SSS-Bacolod City head, said lawmakers should also consider corresponding increases on the monthly contribution payments and other funding measures if the monthly pensions will be increased.

“This is to maintain and prolong the actuarial life of SSS,” Casiano said.

Actuarial life refers to the capacity of a fund or financing firm to honor its obligations to members or beneficiaries over a certain period of time.

"We have been proposing for the increase in premium contributions at 11% and at the same time increase the maximum salary bracket from P15,000 to P20,000. If approved, we will have more sources of funds to raise the monthly pension of the pensioners," Casiano said.

A party list group has been pushing for a P2,000 increase in the minimum average monthly pension.
Several bills pushing for the hike are now pending in the Senate.
Casiano said payments of SSS benefits come from contribution payments and investment earnings.
"We have numerous SSS pensioners so we cannot just simply give the increase without considering the financial aspect of SSS. There are now proposals in congress to increase the minimum monthly pension and if approved, SSS has to comply with the law. We just hope that if they grant it they would also look into the premium contributions that we should also increase," Casiano explained.

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Fire them

December 21,2014 12:58 AM

By: Artchil B. Fernandez

THE holiday spirit of Filipinos was wrecked this week with a discovery that shocked and outraged the nation. Notorious drug lords had carved out an enclave in a highly secured government facility. Add sex, drugs, guns and money and the result is an exceedingly embarrassing scene for the government. Read more...

Citizens fight back

December 21,2014 12:56 AM

By: Modesto P. Sao-noy

IT IS AN axiom in our system of government that sovereignty resides in the people and all government authority emanates from them, from the consent of the governed.

When governments depart from this, the citizens have the right and the duty to take the governments to task. Read more...

Drug lords Co, et al won’t name Iloilo, Bacolod cohorts

December 21,2014 12:55 AM

By: Alex P. Vidal

“I used to have a drug problem, now I make enough money.” – DAVID LEE ROTH

EVEN if they will kill him, authorities can’t force big time drug lord Peter Co to name his associates in various regions all over the country, even if he and 19 other fellow drug lords have been transferred from the New Bilibid Prisons in Muntinlupa City to the National Bureau of Investigation (NBI) headquarters. Read more...

Need for faith to overcome our fears and doubts

December 21,2014 12:54 AM

By: Fr. Czar Emmanuel Alvarez, OSA

4TH SUNDAY OF ADVENT

Gospel Reading: Luke 1,26-38

IT HAS often been said that modern man lives in an age of anxiety, fear, dread, etc., and this is true. Until thirty-five years ago or so, for example, anxiety was not included in the diagnostic category of mental illnesses. Today its scope is becoming more and more pervasive, going beyond distinctions of age, gender, culture, nationality, and so forth. Read more...

Master of adoption and adaptation

December 21,2014 12:52 AM

By: Fr. Roy Cimagala

WITH Christmas, we are somehow reminded of that beautiful and awesome truth that God loves us so much that in spite of our sins and unworthiness, he continues to love us by adopting us as his children and adapting himself to our condition so we can have a way to be like him and to regard him as our Father. Read more...

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