The Social Security System plan to increase premiums by 10.4 percent to 11 percent by the end of the year, was hit by Partylist Rep. Teddy Casiño yesterday, a press release from his office said.

Casiño, and fellow Bayan Muna Rep. Neri Colmenares, are the primary authors of House Bill 4365, which seeks to treble the current SSS pension rates until no retiree should receive no less than P7,000 a month thus making it more responsive to the basic necessities of SSS pensioners.

Casiño said that the SSS should first increase the pension of retirees before even talking of increasing the contributions and should be no talk of increase unless their bill is passed first, Casiño said in the press release.

He said that their research showed that, the minimum SSS pension that a retiree receives at present is P1,200/month. This is for someone who has worked at least ten years as a member of SSS and is in good standing. Meanwhile, a member of 20 years receives a measly P2,400/month and one can hardly buy anything for that amount of money in a month, the press release added.*

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