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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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Salvation by Grace

May 23, 2015 04:42 AM

By: Artchil B. Fernandez

A SERIOUS dilemma is threatening to rip the Liberal Party (LP) apart.  How the party handles this quandary could spell its demise or ensure its survival in the post-2016 political landscape.

LP is the current party in power but with national elections less than a year from now, its dominance could end unless its presidential candidate wins the contest. The presidency is the single most important position at stake in the 2016 election. Read more...

First navy chief

May 23, 2015 04:40 AM

By: Modesto P. Sao-noy

UNKNOWN to most people in Negros or perhaps the Philippines, the first commander of what is now the Philippine Navy is from Himamaylan, Occidental Negros. In this town on May 17, 1843 was born Pascual Ledesma, the first head of what is to become the Philippine Navy.  Read more...

Forgiving presence of the Holy Spirit in our lives

May 23, 2015 04:36 AM

Fr. Czar Emmanuel Alvarez, OSA

SOLEMNITY OF THE PENTECOST

Gospel Reading: John 20:19-23

THE Lord appeared to his disciples on many occasions after his resurrection from the dead. In our Gospel passage this Sunday, we see him manifesting himself once again to them and doing two very particular and significant gestures: Read more...

Digong Duterte and criminals in the ruling classes

May 23, 2015 04:34 AM

By: Rene Saguisag

DAVAO'S Digong Duterte wants the corrupt killed.

But the human rights community, marginalized as it may be, may perceive Digong himself a criminal. He deserves due process which he seems to deny the nonentities he is charged with having been dispatched to the Promised Land.

Vigilantism presents its own set of problems. Read more...

Forget belongingness

May 23, 2015 04:32 AM

By: Jenny Serfino

“MAY good come out of this tragedy.”

This is a line from a text message sent to the media by Antonio Cesar Servando, the uncle of one of my young kababayans, who died a year ago because all he wanted was to belong to a fraternity, like I once did. These words serve as an inspiration for the story I’m about to tell. Read more...

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