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BREAKING NEWS: Duterte approves P1,000 SSS pension hike

__bahay__kubo____bahay__kubo__ Intellectually Stimulating PExer
BREAKING NEWS: President Rodrigo Duterte has approved the P1,000 SSS pension hike for this year.
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Comments

  • As per SSS Chairman Amado Valdez, The next P1000 will be in 2022 pa but they could give it earlier (MAYBE even in 2019) IF they are able to improve their collection and improve their internal reforms.
  • __bahay__kubo____bahay__kubo__ Intellectually Stimulating PExer
    Duterte approves P1,000 pension hike; active members' contribution to increase
    By TRISHA MACAS, GMA News
    Published January 10, 2017 4:24pm

    President Rodrigo Duterte has approved a hike of P1,000 for the pension of retired Social Security System members.

    The move comes along with an increase of 1.5 percent in premiums of active members by May.

    Presidential Spokesperson Ernesto Abella announced the development in Malaca?ang on Tuesday.

    SSS chairman Amado Valdez also said that Duterte ordered them to go after employers who do not remit their members' contribution.

    Duterte's economic managers had earlier opposed a proposal to increase the pension to P2,000, with the President saying he was looking for a win-win solution.

    During the campaign, Duterte had promised the increase.
  • deathzero23deathzero23 Member PExer
    At least meron kesa wala.. Now the next step is to sustain SSS funds with the approval of 1,000php.
    If there will be an increase of contribution or some sort, the question is how much?

    I think it's a middle ground decision ito..
    One side says 2,000php the other side says it's impossible and it needs to increase member contribution to sustain the funds. Eh di meet halfway, 1,000php. Kesa wala.

    At least ginawan ng paraan.
  • ThugLineThugLine Member ✭✭✭
    May increase ba sa contribution?
  • mimigsmimigs Member ✭✭
    At least meron kesa wala.. Now the next step is to sustain SSS funds with the approval of 1,000php.
    If there will be an increase of contribution or some sort, the question is how much?

    I think it's a middle ground decision ito..
    One side says 2,000php the other side says it's impossible and it needs to increase member contribution to sustain the funds. Eh di meet halfway, 1,000php. Kesa wala.

    At least ginawan ng paraan.

    Sus wala yan sa best ever president aquino ko
    0
  • OPNOPN Member PExer
    ThugLine wrote: »
    May increase ba sa contribution?

    Yes, from that GMA report it says 1.5 % increase on contributions of all active members starting May.

    ETA: Looking at the SSS Contribution Table.

    For those belonging to the highest range ref to salary credit:
    ER (employer share) - P1,178.70
    EE (employee share) - P 581.30
    TOTAL ER + EE cont - P 1,760.00
    1.5% - P 26.40
    new cont. - P1,786.40


    increased contribution based on 1.5% increase - P26.79 (highest contribution range)
    The monthly contributions are based on the compensation of members ( Please see table on the last page). The current SSS contribution rate is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (7.37%) and the employee (3.63%).

    Self-employed and voluntary members pay the 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration.

    For OFWs, the minimum monthly salary credit is pegged at P5,000.
    https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=scheduleofcontribution

    Personally, P26 or P30 is not that much. The minimum wage earners will be paying less than P26 per month. People buys lotto at more than that amount.
  • xpopcornxxpopcornx Member ✭✭✭
    OPN wrote: »
    Yes, from that GMA report it says 1.5 % increase on contributions of all active members starting May.

    1.5% lang ba?

    if you're paying 300 Php...1.5% of that is 5Php....kayang-kaya naman pala. Limang Fish Ball lang naman yan kada buwan. :)
  • ThugLineThugLine Member ✭✭✭
    Ok na 26 pesos (max) per month.

    Dapat alisin nila yung P1M bonus ng mga execs, pati na din yung per diem na P40,000 per board meeting at P20,000 per committee meeting
  • OPNOPN Member PExer
    xpopcornx wrote: »
    1.5% lang ba?

    if you're paying 300 Php...1.5% of that is 5Php....kayang-kaya naman pala. Limang Fish Ball lang naman yan kada buwan. :)

    Oo, base sa article posted ni bahay_kubo. Maliit lang talaga kung tutuusin. Mas malaki ang share ng employers. For sure, merong employers magrereklamo dahil dagdag yan sa payroll and monthly expense nila.

    But this is for the common good. Tayo na current active members should make small sacrifices.
  • OPNOPN Member PExer
    ThugLine wrote: »
    Ok na 26 pesos (max) per month.

    Dapat alisin nila yung P1M bonus ng mga execs, pati na din yung per diem na P40,000 per board meeting at P20,000 per committee meeting


    Sorry i-clarify ko lang yong P26 na figure para mas maintindihan. Sa P26 na increase ay kasali na ang employer share which is 7.3% of the monthly salary credit (MSC). Ang employee share is only 3.63%. Ang share lang talaga ng employee ay nasa P8 to P9 pesos lang kada buwan.

    I'm fine with bonuses but it should be performance based and they should made clear of their targets. So, they get a bonus if they met their targets and performed well based on results. And gets nothing if they don't.
  • OPNOPN Member PExer
    Quick question:

    For those self-employed/voluntary, magkano hike?
    Based on the statement, my understanding is that its across the board na 1.5% increase.

    The only difference is that if you are a SE/VM/OFW, ikaw lahat magbabayad na monthly contribution. Kaya kargo or shouldered mo ang full amount ng increase.
  • joerizjoeriz Member ✭✭
    OFWs will generate additional contributions to SSS.
    All ptofessionals registering will have to prove they made SSS contributions. Great
  • ThugLineThugLine Member ✭✭✭
    Sure, performance based bonus is fine. But I cannot justify that they are paid 40,000 allowance per attendance on board meeting that could go twice in a month.
  • OPNOPN Member PExer
    ThugLine wrote: »
    Sure, performance based bonus is fine. But I cannot justify that they are paid 40,000 allowance per attendance on board meeting that could go twice in a month.

    Agree ako. They should look thru their bonus scheme and salary structure or contracts. Scraps yong mga maluho na perks. Dapat yong bigyan ng privileges are those that are really working.
  • letran_jletran_j Member ✭✭✭
    SOBRANG minimal ang increase ng contribution, baka sabihin nanaman ng mga critics, anti-poor ang move na ito! :glee:
  • ThugLineThugLine Member ✭✭✭
    isipin mo yun, umupo ka lang sa board meeting, 40,000.00 kaching na agad.


    ^naka-ilang per diem kaya tong si HRM grad Antonino? :glee:

    30 yo, HRM graduate one of the highest paid SSS executive

    Ms.-Eliza-Bettina-Antonio.jpg
  • ThugLineThugLine Member ✭✭✭
    letran_j wrote: »
    SOBRANG minimal ang increase ng contribution, baka sabihin nanaman ng mga critics, anti-poor ang move na ito! :glee:

    Never forget, 600 peso increase daw sabi ni Mang KaKnorr :glee:
    _knorr_ wrote: »
    2cf42mt.jpg
  • razzer_risingrazzer_rising Please do not use prohibited words in your user title to avoid sanctions. ✭✭✭
    Right now, senior citizens in the country will probably die for Duterte in case of a civil war. :hiya:
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