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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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Tragic refrain

October 25,2014 12:48 AM

By: Artchil B. Fernandez

ANOTHER Filipino died in the hands of a US serviceman. This is a tragic refrain to the never ending abuse and mistreatment Filipinos suffered since American troops landed in Philippine soil more than a century ago. Read more...

Festival notes-2

October 25,2014 12:46 AM

By: Modesto P. Sao-noy

DURING the Media Night at GT Hotel on October 18, Councilor Jun Gamboa announced that the budget for media had already been approved. That was a surprise to most and they asked who got what and each said “not me”.  Read more...

Love should motivate all our actions

October 25,2014 12:44 AM

By: Fr. Czar Emmanuel Alvarez, OSA

30TH SUNDAY IN ORDINARY TIME

Gospel Reading: Matthew 22,34-40

OUR GOSPEL reading this Sunday invites us to search our heart to determine what really motivates us in everything that we do. It is quite easy to lose sight of what is essential when we do and think about so many things simultaneously. Read more...

Double speak

October 25,2014 12:42 AM

By: Lucell Larawan

THERE are confusing actions which President Benigno Aquino should rethink: turning a blind eye on the PNP chief Purisima, and the Commission on Appointment’s promotion of officers implicated in the massacre of journalists in Maguindanao among others. Read more...

Much given, much expected

October 25,2014 12:40 AM

By: Fr. Roy Cimagala

WE are all familiar with that gospel lesson that those who have been blessed and gifted much, much is also expected and demanded. “Much will be required of the person entrusted with much, and still more will be demanded of the person entrusted with more.” (Lk 12,48) Read more...

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