MANILA, Philippines — The House of Representatives is set to conduct an inquiry into the financial condition of the Social Security System (SSS) amid the push to suspend the hike in member contributions.
Probinsyano Ako Partylist Rep. Jose “Bonito” C. Singson Jr., who chairs the House committee on public accounts, said the inquiry set on Monday, February 15, seeks to determine the “weaknesses or excesses” in the country’s social security program.
“Congress has strengthened and continues to strengthen the SSS for the purpose of aiding the firm to attain its main objectives as set forth in the law and the agency’s implementing rules and regulations,” Singson said in a statement.
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Keep on reading: House to look into financial condition of SSS