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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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Recipe for anarchy

February 28,2015 01:06 AM

By: Artchil B. Fernandez

POWER is the most potent drug and the craving for power is the ultimate addiction.  Power addicts are the worst and most dangerous kind of addicts. To satisfy their addiction for power, they will destroy lives, wreck the future and raze down society. Read more...

Student activism

February 28,2015 01:04 AM

By: Modesto P. Sao-noy

THERE is a general feeling that students today are indifferent to the political malaise that the nation is undergoing. The mismanagement of the Mamasapano massacre, the PDAP, the DAP and many other issues of national import have not touched the fiber of the students and faculty in the campuses. The mass protests against so many things amiss in government are left to the so-called militants who are mostly left-leaning or rural folks mobilized for specific interests. Read more...

Rivals admit: Pacquiao is a ring monster

February 28,2015 01:02 AM

By: Alex P. Vidal

“I'm just a regular person who believes life is simple, and I like a simple life.” – Manny Pacquiao

IS EMMANUEL “Manny” Pacquiao (57-5-2, 38 KOs) really an extra-ordinary human being?

Did God create him for a purpose? Read more...

Duterte and federalism 2

February 28,2015 12:58 AM

By: Limuel S. Celebria

“IF THE BBL fails, then what? “

This is the dilemma, nay, the fear that bugs Davao City Mayor Rodrigo Duterte as government appears to be losing the peace initiative and running out of options as Mindanao teeters and threatens to tailspin into more of the same bloody confrontations that have bedeviled its history. Read more...

Common good

February 28,2015 12:56 AM

By: Labay2x

THE group of former mayor now Association of Barangay Captains President Ronaldo “Onal” Golez at the Sangguniang Bayan of Dumangas, Iloilo only wants to protect public interest and even their political opponents.

This is relative to the housing project initiated by the national government for residents in hazard prone areas of the town.

Mayor Rolando Distura hit the so-called obstructionist stance of Golez and company for delaying the project to the detriment of the beneficiaries. Read more...

The law of love

February 28,2015 12:54 AM

By: Fr. Roy Cimagala

TO be sure, that’s the law that should govern us who, being created in the image and likeness of God who is love, are meant to love and for love. In short, love is the be-all and end-all of our life and our whole being. Short of that, we are actually not living as we ought to live. Read more...

Unity of the two Testaments in Jesus

February 28,2015 12:52 AM

By: Fr. Czar Emmanuel Alvarez, OSA

2ND SUNDAY OF LENT

Gospel Reading: Mark 9,2-10

ONE of the controversial issues concerning the Sacred Scripture during the early centuries was the relationship between the Old and the New Testaments. The Good News preached by Jesus Christ appears very revolutionary and led many believers to question the validity of the content of the old faith. Read more...

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