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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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Cruel and unjust

February 06, 2016 03:48 AM

By: Artchil B. Fernandez

AMPON, PULOT, singaw, sabit – these are few local words used to refer to foundlings.  And being called names is just one of the indignities foundlings are subjected to. Foundlings have endured scorn, ridicule, humiliation and derision due to their unknown parentage.   Read more...

Marriage under siege

February 06, 2016 03:44 AM

By: Modesto P. Sao-noy

“MARRIAGE IS under diabolical attack by both modern culture and church insiders,” Raymond Cardinal Burke was quoted by In Defense of the Catholic Faith in its October 1, 2015 issue. The Cardinal issued this chilling warning on (September 8, 2015) the same day that Pope Francis gave new instructions to speed up the process of annulment. Read more...

The delicate task of inculturation

February 06, 2016 03:40 AM

By: Fr. Roy Cimagala

THIS IS A task that has to be made more known because it is supposed to be done by all of us, albeit in different ways.

Inculturation here refers to the inculturation of our Christian faith in our common religious beliefs and practices as a people, as a portion of Christ's Church. It is making the spiritual and superna-tural gift of faith our very own as a people. Read more...

Ilonggos for Duterte: Fighters for Change

February 06, 2016 03:36 AM

By: Limuel S. Celebria

FR. JOSE Elmer Cajilig was a young, seminary graduate waiting to be ordained for the priesthood when an opportunity for significant social change occurred at that long stretch of highway which is called EDSA. Read more...

Intersections

February 06, 2016 03:32 AM

By: D’ Observer

(THE author is a real person who fell in love with Iloilo and, well, an Ilongga. He wants to remain anonymous due to some “complications” but still, he raises very valid points in his contributions) Read more...

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