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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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Saints and sinners

November 01,2014 12:56 AM

By: Modesto P. Sao-noy

THIS weekend is another time in the Philippines when Filipinos will go back home to visit the resting places of their beloved departed. For those who could not return home or go back to their roots, the churches would suffice for them to light a candle, pray and remember their parents or their forebears, friends and relatives. Read more...

Beyond the stutters

November 01,2014 12:56 AM

By: Juan L. Mercado

LISTEN beyond Vice President Jejomar Binay’s flustered stutters whenever a sensitive question is lobbed.

The queries range from the P15.6-million Redwood-type, three-bedroom unit of The Woodlands at Tagaytay Highlands to overpriced beds at the Ospital ng Makati to the whereabouts of top aides, like Gerry Limlingan, who have dodged below the radar screen. Read more...

True meaning of All Souls’ Day

November 01,2014 12:54 AM

By: Czar Emmanuel Alvarez, OSA

31ST SUNDAY IN ORDINARY TIME

COMMEMORATION OF ALL THE FAITHFUL DEPARTED

Gospel Reading: John 6,37-40

THE short passage of our Gospel reading this Sunday is part of the account of the miraculous multiplication of the bread and Jesus’ long discourse on it (Jn 6:1-71), which served to help those who were present understand that he was the true bread of life which people needed to attain eternal life (Jn 6:35). Read more...

The mystery deepens

 

November 01,2014 12:50 AM

By: Artchil B. Fernandez

THIS ONE is for sleuths. To future Sherlock Holmes, help unravel the mystery of the buried treasures of the Binay family.

As the Senate investigation on the alleged hidden wealth of Vice President Jejomar Binay and his family continues, the mystery deepens, particularly the case of 350-hectare “Hacienda Binay” in Rosario, Batangas.  Binay through his lawyer, Martin Subido said his client does not own the property.  It belongs to businessman Antonio Tiu.

Read more...
The mystery deepens

 

November 01,2014 12:50 AM

By: Artchil B. Fernandez

THIS ONE is for sleuths. To future Sherlock Holmes, help unravel the mystery of the buried treasures of the Binay family.

As the Senate investigation on the alleged hidden wealth of Vice President Jejomar Binay and his family continues, the mystery deepens, particularly the case of 350-hectare “Hacienda Binay” in Rosario, Batangas.  Binay through his lawyer, Martin Subido said his client does not own the property.  It belongs to businessman Antonio Tiu. Read more...

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