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(Eagle News)—-Social Security System president Emmanuel Dooc has resigned, as his term expired under the new SSS charter. The new charter, which overhauled the old one, took effect on Tuesday, March 5. President Rodrigo Duterte signed the SSS Rationalization Act in February. Prior to his appointment, Dooc was an Insurance Commissioner, from 2011 to 2016.
(Eagle News)—-Senator Bam Aquino has filed a resolution seeking to increase the social pension of senior citizens. In calling for a P1000 increase for those receiving a pension not exceeding P3,000, and those who are not receiving any at all, Aquino noted in Senate Bill. No. 2142 that that sector of society needed to cope with the rising cost of basic commodities. For this, Aquino cited a study conducted by the Coalition of Services of […]
(Eagle News)–A measure requiring Social Security System coverage for Overseas Filipino Workers has been transmitted to Malacañang for President Rodrigo Duterte’s approval. Sen. Richard Gordon, chair of the Senate Committee on Government Corporations and Public Enterprises and author and sponsor of Senate Bill 1753, said once signed into law, both land-based and sea-based OFWs would also be covered by SSS, “provided that they are not over 60 years of age.” The measure, if approved, will […]
(Eagle News) — Tumatanggap na ang Social Security System (SSS) ng online retirement application mula sa mga Overseas Filipino Worker (OFW) at voluntary members na sisenta (60) anyos pataas sa pamamagitan ng kanilang website www.sss.gov.ph . Sinabi ni SSS President and Chief Executive Officer Emmanuel Dooc na simula Mayo 10, 2018 ay maaari nang gamitin ng mga OFW at voluntary members ang online web facility para mas mapabilis at mapadali ang pagsusumite ng kanilang retirement […]
(Eagle News) — Those who receive their pension benefits from the Social Security System during the first five days of March will get them a little later. In a statement on Thursday, SSS said the “slight delay” was “due to enhancements in the e-disbursement system, which caused the delayed release of funds to the partner-banks.” The agency said the system enhancements were necessary to ensure “better service delivery.” “The SSS, however, assures the pensioners who […]
QUEZON CITY, Philippines (Eagle News) — The Social Security System (SSS) is planning to increase the monthly contributions of its members starting April. According to SSS, the proposed monthly contribution hike–from the current 11 percent to 14 percent—aims to prolong the state pension fund’s life until 2044. “Our prayer is to get this approved by the President and for us to also get it approved by the (Social Security) Commission so we can implement it starting […]
MANILA, Philippines (Eagle News) — Nilinaw ng Social Security System (SSS) na hindi pa nila tinataasan ang rate ng buwanang kontribusyon ng mga miyembro nito. Ayon kay SSS chairman Amado Valdez, nananatili sa 11 percent ang contribution rate at wala pang pagbabagong ginagawa. Matapos aprubahan ni Pangulong Rodrigo Duterte ang Php 2,000 sa monthly pension ng mga retiradong SSS members, kung saan natanggap na nila noong Marso 2017 ang unang tranche nito na Php 1000, […]
(Eagle News) — The Social Security System on Wednesday assured its members the Investment Reserve Fund was “intact and well-protected” even after four former and current SSS officials were charged over alleged anomalous stock trading. In a statement, the SSS added that executive vice president Rizaldy Capulong, equities product development head Ernesto Francisco Jr., then-equities investment division chief Reginald Candelaria and then-chief actuary George Ongkeko Jr. would be accorded “due process” as the investigation into the […]
(Eagle News) — A complaint has been filed against a high-ranking Social Security System official after he allegedly traded stocks for his personal portfolio by using his position and the same stockbrokers who manage the SSS portfolio. A report written by Daxim Lucas published in the Inquirer on Oct. 31 said apart from Rizaldy Capulong, the fund’s executive vice president for investments, Reginald Candelaria, equities investment division chief; Ernesto Francisco Jr., head of the equities […]
(Eagle News) — The Social Security System will not implement its proposed monthly contribution hike this month. According to SSS President and Executive Officer Emmanuel Dooc, this is because the President has yet to issue an official order on the planned contribution rate increase. The proposed contribution rate was supposed to be increased by 1.5 percent, to 12.5 percent. https://youtu.be/1sCLLZ5Ci68
QUEZON City, Philippines (Eagle News) — The Social Security Service or SSS is hoping that more employers will faithfully remit the contributions of their employees after it launched its “Run after Contribution Evaders” or RACE program. According to SSS Chairman Amado Valdez, the RACE program aims to check and penalize employers who are not properly remitting the SSS contributions of private sector employees.
QUEZON City, Philippines (Eagle News) — The Social Security System (SSS) has issued a warning against fake SSS checks being used as payment for goods. The warning was made after an incident that saw a grocery store receive a fake SSS check in exchange for purchased products. “We want to remind everyone to be more prudent in accepting SSS checks being encashed to them. The fake SSS check that was encashed may look authentic for […]
