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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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Building bridges

October 02, 2014 01:08 AM

By: Modesto P. Sao-noy

IT HAS been the dream of the people of Western Visayas that a bridge will be constructed connecting the two huge islands of the Visayas and bringing closer about ten million people. The easy access from one province to another will have a tremendous impact on the lives of the residents and propel a new era of prosperity. Read more...

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October 02, 2014 01:04 AM

By: Juan L. Mercado

“CHIZ, your ‘Heart’ is not in the right place.”

Phil Cruz e-mailed that in reaction to “Macabre joke.” This Inquirer Sept. 27 column discussed Sen. Francis Escudero’s proposal to bury the embalmed remains of former president Ferdinand Marcos at the Libingan ng mga Bayani. Come February, the senator is to marry fiancée Heart Evangelista.

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By: Alex P. Vidal

“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell

THE alleged threat of Davao City Mayor Rodrigo Duterte that he would shoot those behind the “Duterte for president movement” is just pakitang tao. It’s hogwash. Read more...

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