Monday, 1st September 2014

Click Icon to Share this post

Share

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.

Opinion new Banner
Click image for full view
Revolutionary rice policy

September 01,2014 01:02 AM

By: Rex B. Sorza

WHILE fishers and island-dwellers were given fishing boats and gears to start anew following Yolanda's devastation, rice farmers were not getting as much help other than the free rice seeds from the Capitol.  Read more...

A sea of lies

September 01,2014 01:00 AM

By: Manuel “Boy” Mejorada

THERE is no low tide in the sea of lies that has inundated the Iloilo City government.

The City Council, as I predicted, approved the increase in real property values that would result in higher taxes for property owners effective January 1, 2015.

Read more...
You got mail-2

September 01,2014 12:58 AM

By: Modesto P. Sao-noy

I WROTE last week (Aug 27) that one should not ignore mail either in a letter or in the internet. To ignore one’s mail is to invite embarrassment for one’s self and anger from the sender. Ignoring the letter can create unsavory reputation and engender contempt. In love, the consequences would be terrible.

Read more...
Shattered myth

September 01,2014 12:56 AM

By: Juan L. Mercado.

THERE IS no substitute for water. “We drink it. We generate electricity with it. We soak our crops with it.” Every man, woman and child need almost four liters of water daily. Rice and staples siphon 500 times as much.

Read more...
Scary kidnapping of babies

September 01,2014 12:54 AM

By: Wenceslao E. Mateo Jr.

AT A time when nations all over the world are getting worried about their population explosion and thus introducing various means to limit family size, it is amazing to note how we continue to value babies.

Read more...
Changing gears

September 01,2014 12:50 AM

By: Fr. Roy Cimagala

THE way things are now, what with all the glare, blare and rapidity of modern, highly technological life, we need to re-study how to change gears not only in our whole life in general, but also in our day-to-day routine. What we of the older generation used to know and use about this skill may not be helpful anymore now with the Generation Y.

Read more...
Negros News New Banner
Sports News New Banner
Business News New Banner
Community Events new Banner
About Us New banner
Foreign Exchange New Banner
order Newspaper New Banner
Order newspaper
interval banner