Daily Star logoTop Stories
Bacolod City, Philippines Friday, June 15, 2012
Front Page
Negros Oriental
Star Business
Police Beat
Star Life
People & Events
Classified Ads
Negros SP backing
higher SSS pension


The Negros Occidental Sangguniang Panlalawigan passed a resolution Wednesday expressing its support for the increase in the monthly retirement pension of millions of Social Security System members, stated in the proposed House Bill No. 4365, jointly authored by Bayan Muna Reps. Neri Javier Colmenares and Teddy Casino.

Section 12 of Republic Act 1161, as amended by Republic Act 8262, or the Social Security Law, states that SSS members with at least 10 credited years of service are provided a monthly pension of P1,200 while those with 20 credited years are given P2,400.

Board Member Raul Rivera, chairperson of the SP committee on Senior Citizens, who moved for the passage of the resolution, said HB 4365 calls for an increase of SSS retirees and pensioners to a minimum of P7,000.

In filing the HB 4365, Colmenares and Casiño, , said this would enable SSS retirees to “cope with the continuing escalation of the cost of living in the country.”

Under the bill, the SSS shall equitably adjust the monthly pensions of other entitled members or beneficiaries whose monthly pensions are higher than the minimum monthly pension to preserve the integrity of the pension program.

The monthly pension and its annual increment shall be applicable to all beneficiaries regardless of the effectivity of their retirement.*GPB

back to top

Front Page | Opinion | Negros Oriental | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
ButtonPalace denies holiday but charter rites still on
ButtonNegros voters registration suspended
Button‘Ayala deal P3.5 billion for Capitol’
Button3 killed, 26 injured in three accidents
ButtonPangilinan assures reopening of mines
ButtonSome roads to be closed for parade
ButtonNegros SP backing higher SSS pension
ButtonBizmen want de la Paz to stay
ButtonBriton posts bail
ButtonRDC meeting in Silay today